GWC records 10% net profit growth in first half of 2019
July 21 2019 08:07 PM
Sheikh Abdulla: Best returns.
Sheikh Abdulla: Best returns.

Qatar’s leading logistics provider GWC concluded the first half of 2019 with a 10.35% growth rate in net profits, achieving QR122.2mn at the end of June 2019, compared with QR110.7mn registered at the end of the same period in 2018.

Gross revenues reached QR599.6mn at the end of June 2019, while the company’s earnings per share also increased to QR0.21 in the first six months of 2019, registering a 10.53% rise from 0.19 during the same period in 2018.

“Over 15 years, GWC has developed infrastructure and created systems that continue to work in building the nation’s logistical infrastructure. As we progress, we will continue to lay foundations and develop strategies in line with the country’s vision and ambitions, while ensuring our shareholders the best possible returns,” stated GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani.

The company’s various departments continue to maintain optimal operations across the board and leverage the strength of its international freight network, in addition to providing express courier services as the authorised service contractor in the State of Qatar for UPS.

The company is aided by increased activity for its freight solutions and contract logistics services offered at the Logistics Village Qatar (LVQ), the GWC Bu Sulba Warehousing Park, and the Bu Fasseela Warehousing Park, all forming part of its 3mn sq m of logistics infrastructure in the nation.

These are further supported by developing technological enhancements performed on the company’s operations, increasing efficiency and emphasising its standing as a technology-driven enterprise.

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