Gulf International Services (GIS) – a holding entity of Gulf Drilling International, Gulf Helicopters, Al Koot and Amwaj, has reported revenues of QR1.4bn in the first six months of this year. Oil and gas industry continue to show positive signs of recovery with constructive macroeconomic drivers, on the back of effective vaccination campaigns leading to ease of lockdown restrictions in major markets linking to heightened economic activity, GIS said. The group earnings before interest, taxes, depreciation and amortisation was QR245mn, while it posted a net loss of QR0.8mn for the six-month period ended June 30, 2021. Finance cost fell 34% year-on-year to QR65mn, owing to drop in the inte
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