DOHA: Gulf International Services (GIS), a Qatar-based shareholding energy company listed on the Qatar Exchange, yesterday reported net profits of QR135.8m for the first three months of 2013, up 47.5 percent compared to QR43.8m for the corresponding period last year.
The GIS financials represented earnings per share (EPS) as QR0.91.While the total assets of the Company stood at QR5.17bn ended March 31, 2013.
GIS has significant investments in national and international oil and gas industry, including well support services, offshore and onshore drilling services, helicopter maintenance and transportation services, insurance and reinsurance services. Currently, it acts as a holding company which has 100 per cent ownership of Al Koot, Insurance and Reinsurance Company, and owns a controlling stake (69.99 percent) in Gulf Drilling International Limited.
The Peninsula
