Gulf International Services Q.P.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 09:09 am EDT
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Gulf International Services Q.P.S.C. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was QAR 834.98 million compared to QAR 704.99 million a year ago. Net income was QAR 83.3 million compared to net loss of QAR 5.53 million a year ago. Basic earnings per share from continuing operations was QAR 0.045 compared to basic loss per share from continuing operations of QAR 0.003 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. 
