Gulf International Services Company operates in the Drilling oil and gas wells sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Gulf International Services Company with three other
Oil and Gas Field Services in Middle East:
National Petroleum Services Company KSCP
of Kuwait
(2018
sales of 33.50 million Kuwaiti Dinars [US$110.21 million]
of which 76%
was Oil Field Services),
Burgan for Well Drilling Trading and Maintenance KSCP
of Kuwait
(46.75 million Kuwaiti Dinars [US$153.78 million]
), and
Renaissance Services SAOG
which is
based in Oman
(243.46 million Omani Rials [US$632.35 million]
).
Sales Analysis.
Gulf International Services Company reported sales of 2.52 billion Qatari Riyals (US$691.89 million)
for the
year ending
December of 2018.
This
represents
a very small
increase of 1.3%
versus 2017, when the company's sales were 2.49 billion Qatari Riyals.
Despite this increase, sales are still
well
below the level achieved in 2016, when Gulf International Services Company
reported sales of 2.99 billion Qatari Riyals.
The sales level in 2018 was fairly close to the level five years ago: in 2013, Gulf International Services Company had sales
of 2.30 billion Qatari Riyals.
Sales of Insurance saw an increase
that was more than double the company's growth rate: sales were up
33.4% in 2018, from
332.39 million Qatari Riyals to 443.27 million Qatari Riyals.
Gulf International Services Company also saw significant increases in sales in
Avitation (up 1.8% to 541.52 million Qatari Riyals)
.
Not all segments of Gulf International Services Company experienced an increase in sales in 2018:
sales of Catering fell 9.8% to 439.64 million Qatari Riyals.
Gulf International Services Company also experienced decreases in sales in
Drilling (down 2.9% to 1.14 billion Qatari Riyals)
.