Gulf Warehousing (GWC) has posted a first half net profit of QR105.3mn, up 4% on QR101.3mn registered in the same period last year.
This, according to the leading logistics provider came about due to the company’s judicious leverage of its revenue streams, which registered QR455mn at the end of the first half of this year, recording a 6% increase from QR430.1mn in H1, 2016.
Constantly seeking the best interest of its shareholders, the company’s earnings per share also increased to QR1.8 in the first six months of 2017, a rise from QR1.76 during the same period in 2016.
GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani said, “Every effort has been taken so that the company serves the needs of the state, particularly during the current circumstances.
We continue to search for alternatives and take all steps necessary to ensure the safe delivery of cargo to our clients and to the nation, realising our purpose to remain the provider of choice for logistics services in Qatar, and thereby ensuring our shareholders the best possible returns.”
The company’s various divisions have taken decisive action to maintain optimal operations across the board, reviewing alternative routes, and leveraging the strength of its international freight network through its partner Agility, in addition to remaining the authorised service contractor for the international courier giant, UPS.
GWC’s continued commitment to the values of excellence in performance and service provision has won it the recognition of various international awards, including the Forbes Middle East Qatar Success Award 2017; the INSEAD/Trends Magazine’s TOP CEO 2017; and for its exceptional promotion of corporate social responsibility, the CSR Leadership award during Qatar University’s CSR Exhibition and Conference.
Established as a Qatari public shareholding company in 2004; GWC offers warehousing and distribution services, hazmat logistics, freight forwarding, project logistics, sports and event logistics, equestrian logistics, fine art logistics, supply chain consulting, transportation management, records management, and door-to-door moving and relocation services.
Sheikh Abdulla: Ensuring shareholders the best possible returns.
