Gulf International Services Announces Earnings for First Nine Months of 2017

Doha, October 27 (QNA) - Gulf International Services (GIS), listed in the Qatari stock market, announced Thursday its results for the nine months ending in September 30. The company's financial statements show that the net profit is QR 22.2 million compared to net profit amounting to QR 189.1 million for the same period of the previous year. Earnings per Share (EPS) amounted to QR 0.12 for the period ended September 30, 2017 compared to EPS of QR 1.02 for the same period of the previous year. A statement released today from the company said that the decline in profits was a result of a fall in revenues and increase in costs. The company was established in February 12 of 2008 based on a decision from the Qatari Ministry of Economy and Commerce with a capital of QR2 billion. (QNA)