Gulf International Services profit drops 32pc
DUBAI, October 26, 2015
Qatar's Gulf International Services reported a 32 percent fall in third-quarter net profit on Monday, according to Reuters calculations.
The firm, a provider of oil and gas drilling rigs, made a profit of QR216.9 million ($59.6 million) in the three months to September 30, Reuters calculated based on previous statements as the company did not provide a quarterly breakdown.
That was down from QR317.6 million in the corresponding period of 2014.
QNB Financial Services had forecast Gulf International Services would make a quarterly profit of QR208.7 million.
In the first nine months of 2015, Gulf International Services made a net profit of QR822.3 million, compared to QR1.04 billion a year earlier, according to the bourse statement. - Reuters