Gulf International Services has reported a 40% expansion in its first half net profit to QR196.49mn mainly on robust revenues, especially from aviation and drilling as well as insurance.Revenue rose 24% to QR886.95mn. Revenue from aviation and drilling went up 15% and gross insurance grew by 17%, according to its financial statement filed with the Qatar Exchange.Revenue from aviation and drilling amounted to QR544.68mn (61% of total revenue), gross insurance was QR282.57mn (32%) and that from newly acquired catering services was QR59.70mn (3%).
The company’s gross profit gained 29% to QR236.41mn.Finance income surged 56% to QR13.45mn and net gains on financial assets at fair value more than doubled to QR4mn; while other income fell 25% to QR16.05mn.
On the cost side, finance expenses shot up 83% to QR12.28mn and general and administrative costs by 16% to QR63.31mn.Total assets were valued at QR6.16bn, comprising current assets of QR3.09bn and non-current assets of QR3.07bn.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.