Gulf Marine Services PLC 2021 AR2
The report highlights Gulf Marine Services PLC's financial and operational turnaround in 2021, achieving its first net profit since 2016 at US$ 31.2 million. The company increased its average fleet utilisation to 84% and successfully concluded a US$ 27.8 million equity raise, which removed material going concern uncertainties. Additionally, the company published its first Task Force on Climate-related Financial Disclosures (TCFD) report and announced plans to align with GRI Standards in 2022. On safety, the company maintained a low Total Recordable Injury Rate of 0.2, well below the industry average.
Company: Gulf Marine Services PLC
Sector: Energy
Country: United Arab Emirates
Year: 2021
Type: AR2
Pages: 160
Gulf Marine Services PLC
Annual Report
The report highlights Gulf Marine Services PLC's financial and operational turnaround in 2021, achieving its first net profit since 2016 at US$ 31.2 million. The company increased its average fleet utilisation to 84% and successfully concluded a US$ 27.8 million equity raise, which removed material going concern uncertainties. Additionally, the company published its first Task Force on Climate-related Financial Disclosures (TCFD) report and announced plans to align with GRI Standards in 2022. On safety, the company maintained a low Total Recordable Injury Rate of 0.2, well below the industry average.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees