Gulf International Services Q2 net profit down 67pc

03/08/2016 07:39 AST

Qatar's Gulf International Services reported a 67.2 percent fall in second-quarter net profit on Tuesday, according to Reuters calculations.

The firm, with interests in insurance, aviation, oil and gas and catering, made a net profit of QR81.8 million ($22.5 million) in the three months to June 30, Reuters calculated based on financial statements in lieu of a quarterly breakdown.

This was down from a net profit of QR249.7 million in the corresponding period of 2015. QNB Financial Services had forecast Gulf International Services would make a quarterly profit of QR108.1 million.

Gulf International Services made a net profit of QR160.7 million in the first six months of 2016, according to a bourse filing, compared with QR605.4 million in the corresponding period of 2015.

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