Under gloomy skies
Qatar’s Gulf International Services reported a 87% fall in its Q3 2016 net profit to QAR28.3m. For the nine months ended September 30, 2016, the Group’s revenue was QAR2.314bn (compared to QAR3.268bn for the same period of 2015), a decrease of 29.2%. 9M 2016 Net profit was QAR189m (compared to QAR82m in 9M 2015) representing a decrease of 77%.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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