Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Gulf International Services Net Profit Up 46% in 2013  Join our daily free Newsletter

MENAFN - Qatar News Agency - 25/02/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Qatar News Agency) Gulf International Services Company (QE: GISS) has announced a net profit of QR 677 Million for the financial year-ended December 31, 2013, an increase by 45.81% compared to QR 464.3 Million in 2012.



This is the company's best financial results on recor



Its Earnings per Share (EPS) amounted to QR 4.55 in 2013 compared to QR 3.12 in 2012, according to Qatar Exchang



Its revenue is up 47.1% to QR 2.3 Billio



The board of directors has recommended the distribution of QR 2 per share as cash dividend, representing 20% of the nominal value of the shar



The board also recommends to the Ordinary AGM the distribution of 25% bonus share



"The strong performance is due to impressive growth in all segments," the GIS sai



In a statement to QE, HE the Minister of Energy and Industry and Chairman and Managing Director of GISS, D



Mohammed bin Saleh Al Sada, said, "The GIS group exceeded expectations in 2013 and closed the year with record results. "The are the highest year-end results since inception and a remarkable achievement in the group's short history. This positive growth reiterates our historical commitment to the goal of maximising shareholders' wealth. These strong results were aided by the ambitious growth plans in all segments, and the acquisition last year of Amwaj Catering Services Limited." GISS business interest are in insurance, re-insurance, fund management, onshore and offshore drilling, accommodation barge, helicopter transportation and catering services. The company's wing, Gulf Drilling International deployed two new high specification, premium offshore rigs. The first, Al-Jassra, joined the fleet in May 2013, and the second, Leshat, started operations in December 2013, a senior official said. GDI signed a five-year contract with a major oil company operating in Qatar for the utilisation of this rig. GDI's ninth offshore rig, Dukhan, is its third new, high specification, premium rig ordered in the last two years. It is expected to arrive in Qatar in the fourth quarter of 2014, the official added.

 


Qatar News Agency




  MENA News Headlines
 Feb 22 2017 - Saudi King Meets U.S. Senator John McCainQatar News Agency
(MENAFN - Qatar News Agency) QNA) - Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud met on Tuesday with U.S. Senator John McCain. During the meeting, the two sides reviewed ...

 Feb 22 2017 - Saudi Deputy Crown Prince Meets U.S. Senator John McCainQatar News Agency
(MENAFN - Qatar News Agency) Riyadh, February 21 (QNA) - Saudi Deputy Crown Prince, Second Deputy Premier and Minister of Defense, Mohammed bin Salman bin Abdulaziz, met on Tuesday with U.S. ...

 Feb 22 2017 - Lavrov: Russia Ready to Contribute to Enhancing Security of Baltic, ArcticQatar News Agency
(MENAFN - Qatar News Agency) Moscow, February 21 (QNA) - Russian Foreign Minister Sergei Lavrov confirmed his country's readiness to participate in different initiatives for enhancing the security ...

 Feb 22 2017 - Greek President Meets Saudi FMQatar News Agency
(MENAFN - Qatar News Agency) Riyadh, February 21 (QNA) - Greek President Prokopios Pavlopoulos on Tuesday met Saudi Foreign Minister Adel bin Ahmed Al-Jubeir. During the meeting, the two sides ...

 Feb 22 2017 - U.S. Reveals New Deportation PolicyQatar News Agency
(MENAFN - Qatar News Agency) Washington, February 21 (QNA) - The U.S. Homeland Security Department on Tuesday revealed new policy guidelines for deporting undocumented immigrants, expanding the ...

 Feb 22 2017 - 2 Additional N. Koreans Identified as Being Linked to Kim Jong-nam's MurderQatar News Agency
(MENAFN - Qatar News Agency) Kuala Lumpur, February 22 (QNA) - Malaysian police said Wednesday they identified two additional North Koreans, including a diplomat, as being linked to the murder of ...

 Feb 22 2017 - South Sudan Leader Vows to Fight FamineQatar News Agency
(MENAFN - Qatar News Agency) Juba, February 22 (QNA) - South Sudan's President Salva Kiir vowed that the government would ensure that aid reaches areas hit by famine after three years of war that has ...

 Feb 22 2017 - Australian Prime Minister Meets Israeli CounterpartQatar News Agency
(MENAFN - Qatar News Agency) Canberra, February 22 (QNA) - Australian Prime Minister Malcolm Turnbull met here Wednesday with his Israeli counterpart Benjamin Netanyahu, who is the first Israeli ...

 Feb 22 2017 - Turkish Forces Kill 14 ISIS Militants in Northern SyriaQatar News Agency
(MENAFN - Qatar News Agency) Ankara, February 22 (QNA) - Turkish forces killed at least 14 ISIS militants in northern Syria in the last 24 hours, according to the Turkish military Wednesday. In a ...

 Feb 22 2017 - Sudanese President Affirms to Continue Dialogue with US on Ties NormalizationQatar News Agency
(MENAFN - Qatar News Agency) Khartoum, February 22 (QNA) - Sudan's President Omar al-Bashir affirmed on continuing the dialogue with the US administration to reach the full normalization of relations ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help