Gulf International Services Announces Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 02:46 pm EDT
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Gulf International Services announced earnings results for the first quarter ended March 31, 2021. For the quarter, the company reported revenue of QAR 705 million compared to QAR 832 million a year ago. Net loss was QAR 5.5 million or QAR 0.003 per share compared to profit of QAR 8.7 million or QAR 0.005 per share a year ago.
Gulf International Services QPSC is a Qatar-based company, which operates as a holding company. It operates in four business segments: Drilling segment, which operates through Gulf Drilling International Insurance Co, that has direct ownership of approximately 15 drilling rigs, which are used to drill wells suitable for oil and natural gas extraction, 1 jack-up accommodation barge and 2 lift boats. Aviation segment , which operates through Gulf Helicopters Company that offers helicopter transportation services, including offshore / onshore transporting, long and short-line load lifting, and seismic support, among others. and Catering segment, which operates through AMWAJ Catering Services Company Limited that offers catering services, cleaning, pest control, manpower supply, and facilities management, among others. Insurance segment, which operates through Al Koot Insurance and Reinsurance Co that offers construction, operations, marine, and medical insurance and reinsurance services.