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Qatar- GIS posts QR3bn revenues for 2020 on aviation, insurance segments

(MENAFN - Gulf Times) Gulf International Services (GIS) the holding entity of Gulf Drilling International, Gulf Helicopters, Al Koot and Amwaj has reported revenues of QR3bn for 2020, mainly contributed by aviation and insurance segments.
The group has recommended deploying the retained funds to capture the present and future opportunities; implying no dividend for 2020.
The overall revenue growth was underpinned by growth in revenue in the aviation segment on strong operational performance due to expansion strategy, specifically in the global markets, growth within the domestic fleet and MRO (maintenance, repair and overhaul) business.
Similarly, the insurance segment continued on its positive trajectory, building on premiums on aggressive market expansion and successful contract renewals coupled with favourable pricing terms. ....

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GIS reports QR3bn revenue in 2020

GIS reports QR3bn revenue in 2020
19 Feb 2021 - 10:08
The Peninsula
Gulf International Services (‘GIS’ or ‘the Group’), one of the largest diversified service groups in Qatar with interests in oil and gas drilling, insurance, helicopter transportation and catering services, yesterday reported a net loss of QR319m for the year ended December 31, 2020. Group’s revenue for the year ended December 31, 2020 amounted to QR3bn, and remained at the same level of last year. Revenue growth from the aviation and insurance segments was entirely offset by reduction in revenue from the drilling and catering segments. 2020 was a challenging year for the Group companies, as the oil and gas industry witnessed severe volatilities coupled with the global economic downturn amid COVID-19 outbreak, and created another layer of downward pressures, while the Group companies were relentlessly working to recover from the previous down cycle within the oil and gas industry. These u ....

Gulf International Services , Gulf Drilling International , Koot Insurance , Red Star , வளைகுடா சர்வதேச சேவைகள் , வளைகுடா துளையிடுதல் சர்வதேச , கூட் காப்பீடு , சிவப்பு நட்சத்திரம் ,

Qatar- GIS reports QR3bn revenue in 2020

Qatar- GIS reports QR3bn revenue in 2020
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

Gulf International Services , Gulf Drilling International , International Services , Koot Insurance , Red Star , வளைகுடா சர்வதேச சேவைகள் , வளைகுடா துளையிடுதல் சர்வதேச , சர்வதேச சேவைகள் , கூட் காப்பீடு , சிவப்பு நட்சத்திரம் ,

Qatar- GIS reports QR3bn revenue in 2020

Qatar- GIS reports QR3bn revenue in 2020
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

Gulf International Services , Gulf Drilling International , International Services , Koot Insurance , Red Star , வளைகுடா சர்வதேச சேவைகள் , வளைகுடா துளையிடுதல் சர்வதேச , சர்வதேச சேவைகள் , கூட் காப்பீடு , சிவப்பு நட்சத்திரம் ,