Gulf International Services announces the preliminary financial results for the year 2009 with a net profit of qr 565 million and recommends 17% cash dividend

Gulf International Services Company has disclosed the preliminary financial statements for the year ended December 31, 2009.  The preliminary financial statements revealed a net profit of QR 565 million in 2009 versus Qr 423 million in 2008. The earnings per Share was QR 4.18, compared with QR 3.13 in 2008. it’s worth reminding that 2008 represents the period from February 12, 2008 to December 31, 2008.  

The Board of Directors recommended a dividend payout per share of QR 1.7 (One Qatari Riyal, seventy Dirhams), representing 17% of nominal value .