Gulf International Services Q.P.S.C. Reports Earnings Results for the Half Year Ended June 30, 2022
August 11, 2022 at 07:37 pm EDT
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Gulf International Services Q.P.S.C. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was QAR 1,738.47 million compared to QAR 1,431.67 million a year ago. Net income was QAR 167.8 million compared to net loss of QAR 0.768 million a year ago. Basic earnings per share from continuing operations was QAR 0.0903 compared to basic loss per share from continuing operations of QAR 0.0004 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. 
