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Gulf International Services Net Profit Rises
to QR39 Million in Q3 2018
October 29, 2018
Gulf International Services Company net
profit amounted to QR39 million, compared to QR22 million for
the same period last year, while the company’s earnings per
share amounted to QR0.21, versus QR0.12 for the corresponding
period of 2017.
The Group’s Comments:
The company’s gross profit from activity
increased by 6.9% to QR311.8 million, and other revenues
multiplied more than twice to QR35.4 million. On the other hand,
expenditures decreased by 7.5% to QR163 million, but the net
financing cost increased by 38.6% to QR146.6 million. As a
result, the net profit increased by 77.9% to QR39.5 million, and
the comprehensive income climbed to QR32.8 million, compared to
QR10.4 million in the corresponding period of 2017.
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