Stock Analysis

Gulf International Services Q.P.S.C Reports Third Quarter 2024 Earnings

DSM:GISS
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Gulf International Services Q.P.S.C (DSM:GISS) Third Quarter 2024 Results

Key Financial Results

  • Revenue: ر.ق1.15b (up 25% from 3Q 2023).
  • Net income: ر.ق216.2m (up 62% from 3Q 2023).
  • Profit margin: 19% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.
earnings-and-revenue-growth
DSM:GISS Earnings and Revenue Growth October 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gulf International Services Q.P.S.C Earnings Insights

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Energy Services industry in Asia.

Performance of the market in Qatar.

The company's shares are up 4.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Gulf International Services Q.P.S.C (1 can't be ignored) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.