Difficulties from everywhere
Qatar’s Gulf International Services slumped to a wider Q4 net loss. A net loss of QAR122.1m in the three months ended Dec. 31, versus a QAR20.8m net loss in the same period a year earlier. 2016 net profit fell to QAR67m from QAR801m a year ago. The group’s revenue for the year ended December 31, 2016, was QAR2.989bn compared to QAR4.164bn for the same period of 2015, i.e. a decrease by 28%.
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