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GIS reports revenue of QR705m for Q1


GIS reports revenue of QR705m for Q1
 30 Apr 2021 - 9:29
The Peninsula
Gulf International Services (GIS or the Group), yesterday reported a net loss of QR5.5m for three-month period ended March 31, 2021. Group’s revenue for the first quarter amounted to QR705m, a reduction of 15 percent compared to Q1-20.
Revenue growth from insurance segment was entirely offset by reduction in revenue from all the other segments. During Q1-21, oil and gas industry showed early signs of recovery, amid cautious global optimism arising from the vaccine rollout and ease of lockdown restrictions in major markets.
However, the pace of economic recovery depends on the pandemic’s impact to filter through with subdued external demand for energy and the related services for the remainder of the year, before the wider spread of vaccine benefits spur greater global economic activity. ....

Saad Rashid Al Muhannadi , Gulf International Services , Vice Chairman , வளைகுடா சர்வதேச சேவைகள் , துணை தலைவர் ,

Improving business environment to have positive effect on GIS


Improving business environment to have positive effect on GIS
 11 Mar 2021 - 8:55
Sachin Kumar/ The Peninsula
Recovery in the global economy and macroeconomic environment will have a positive impact on Gulf International Services said, Chairman of Gulf International Services, Sheikh Khalid bin Khalifa Al Thani. He was addressing the shareholders during the virtual Annual General Assembly Meeting held yesterday.
“With our more sustainable business models along with the recent contracts won in 2019 and 2020, and given the oil and gas market conditions recovering supported by the increased demand globally, we hope that an improved macroeconomic environment would have a more positive impact on our segments, especially the drilling segment,” said Sheikh Khalid bin Khalifa Al Thani. ....

Khalifa Al , Mohammed Jaber Al Sulaiti , Gulf International Services , Privatized Companies Affairs Dept , Qatar Petroleum , Assembly Meeting , Sheikh Khalid , Annual General Assembly Meeting , Manager Privatized Companies Affairs Dept , கலீஃப அல் , வளைகுடா சர்வதேச சேவைகள் , கத்தார் பெட்ரோலியம் , சட்டசபை சந்தித்தல் , ஷேக் காலிட் , ஆண்டு ஜநரல் சட்டசபை சந்தித்தல் ,