Gulf International Posts QR 318.2 Million Net Profit

Doha, October 18 (QNA) – Gulf International Services Company disclosed the interim financial statements for the period ending September 30, 2012. The interim financial statements revealed a net profit of QR 318.2 Million for the nine months period ended September 30, 2012 in comparison to a net profit of QR 187 Million for the corresponding period last year, the company said in a statement published on its website on Thursday.
The company’s Earnings per Share (EPS) amounted to QR 2.14 for the period ended September 30, 2012 versus QR 1.26 for the corresponding period in 2011.
It is worth to mention that the Gulf International Services Q.S.C. (GIS) was incorporated as a Qatari shareholding company on 12 February 2008, by Qatar Petroleum (QP), a wholly-owned Qatari government company. GIS is registered under Commercial Registration number 38200. Prior to the IPO, GIS was fully owned by QP and on 26 May 2008, QP listed 70% of the company’s issued capital in the Doha Securities Market. (QNA)

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