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.