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GISC posts bumper net profit

All companies listed on the exchange have disclosed their financial results for the nine-month period. (QNA)
By TRENDS Desk
February 14, 2023 8:38 am
  • The earnings per share (EPS) amounted to QR 0.156 as of Dec. 31, 2022, compared to EPS of QR 0.029 for the same period in 2021
  • It recommended a cash dividend distribution for the year 2022 amounting to QAR 0.1 per share, which is 10 percent of the nominal value of share

Doha, Qatar–Gulf International Services Company (GISC) has posted a four-fold jump in net profit in 2022 to $80 million in comparison to a net profit of $15million for the same period of the previous year.

The company’s issued figures published on the Qatar Stock Exchange website on Monday show that the earnings per share (EPS) amounted to QR 0.156 as of Dec. 31, 2022, compared to EPS of QR 0.029 for the same period in 2021.

The board of directors recommended a cash dividend distribution for the year 2022 amounting to QAR 0.1 per share, which is 10 percent of the nominal value of share, subject to the approval of the general assembly.

The Gulf International Services Company was established on Feb. 12, 2008, with a capital of QR 1,858,000,000.

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