Leading logistics provider GWC posted a nine-month net profit of QR168mn up to September.
The company earned total revenue of QR1.13bn (2% growth YoY) and an operating profit of QR248mn (12% growth YoY) in the nine-month period.
Earnings per share reached QR0.29 for the period that ended on September 30.
“This year, GWC Group embarked on an ambitious journey, exploring new markets, and diversifying its services. These strategic moves are reinforcing Qatar’s position as a regional and global logistics and reexport hub, setting the stage for continued growth and innovation,” GWC Group chairman Sheikh Abdullah bin Fahad bin Jassim bin Jaber al-Thani stated.
Group CEO Ranjeev Menon remarked, “The unveiling of Phase-2 of GWC Al Wukair Logistics Park, the landmark 1.5mn-square-metre integrated logistics hub, during the third quarter is a major milestone for MSMEs landscape. This aligns with our forward-looking mandate and our commitment to the Qatar National Vision 2030.”
Menon expressed pride at GWC's strategic plan and their significant progress in achieving their goals, with a strong emphasis on innovation and a people-centric approach.
He highlighted GWC's role as the official logistics service provider for Expo Doha 2023, underscoring the event's focus on sustainability. The Expo provides an exceptional platform for GWC to showcase its innovative and environmentally friendly solutions, reshaping the logistics landscape.
GWC reached a remarkable milestone, securing a prestigious top 10 position in Forbes 'Top 100 Middle East’s Sustainability Leaders' within the logistics and transport category. This achievement is a testament to the company's unwavering commitment to sustainability.