Gulf Investment Services Holding Company SAOG reported unaudited consolidated and parent earnings results for the year ended December 31, 2012. For the year, the group reported net profit of OMR 1,312,600 or OMR 0.009 per share compared to net loss of OMR 530,695 or OMR 0.004 per share reported in the same period last year. Net profit excluding minority interest was OMR 1,376,526 or OMR 0.009 per share against net loss excluding minority interest of OMR 344,959 or OMR 0.002 per share reported last year. Gross income was OMR 2,704,764 against OMR 723,057 reported last year. NAV per share for the group was OMR 0.125 compared to OMR 0.116 a year ago. NAV per share excluding minority interest was OMR 0.112 compared to OMR 0.102 a year ago.

For the year, the parent company reported net profit excluding minority interest was OMR 1,105,685 or OMR 0.007 per share against net loss excluding minority interest was OMR 326,075 or OMR 0.002 per share reported in the same period last year. Gross income was OMR 1,802,811 against OMR 284,266 reported last year. NAV per share excluding minority interest was OMR 0.137 compared to OMR 0.130 a year ago.

The Board of Directors has recommended distribution of cash dividend of 6% of the paid up capital (6 Baisa per share) for the year 2012, subject to approval of the shareholders in the AGM which shall be held on 31st March 2013.