Gulf International Services Q.P.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 30, 2020 at 02:42 pm EDT
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Gulf International Services Q.P.S.C. Announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was QAR 831.715 million compared to QAR 719.210 million a year ago. Operating income was QAR 52.585 million compared to QAR 76.747 million a year ago. Net income was QAR 8.720 million compared to QAR 25.275 million a year ago. Basic earnings per share was QAR 0.005 compared to QAR 0.014 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.
GULF INTERNATIONAL SERVICES Q.P.S.C. 
