Gulf Marine Services posts fall in net profit as it slashes debt Gulf Marine Services (GMS) posted a hefty dent in net profit in its half-year results despite a sizeable rise in revenue, as the highly levered business continues to focus on debt reduction. The London-listed oil services provider, which operates self-propelled and elevating support vessels for the oil sector out of the United Arab Emirates, saw [...]
Gulf Marine Services upgrades outlook again and raises prospect of a dividend as oil sector booms energy Oil field service provider Gulf Marine Services (GMS) has posted a strong set of final results in which net profit, revenue and margins were all up and its debt burden down.