Gulf International Services Reports QR 92 Million in Net Profit

Doha, April 22 (QNA) - Gulf International Services Company disclosed Sunday the interim financial statement for the three month period ended March 31, 2012. The financial statements revealed a net profit of QR 92 Million in comparison to QR 86.3 Million for the corresponding period in 2011, the company said in a statement published on the (Qatar Exchange) website. The Earnings per Share (EPS) amounted to QR 0.62 as of March 31, 2012 versus QR 0.58 of the same period in 2011. 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 has significant investments in national and international oil and gas industry, including well support services, offshore and onshore drilling services, helicopter maintenance and transportation services, insurance and reinsurance services. (QNA)