Gulf Warehousing Company (GWC), Qatar’s leading logistics provider, has reported about 5% growth year-on-year in net profit to QR157.26mn in the first nine months of this year.
Its new revenue streams expanded 12% to QR695.13mn, thus materially benefiting the company’s bottom line, according to its spokesman.
This corresponded with growth in earning per share, which increased to QR2.68 at the end of September 30, 2017 against QR2.59 in the corresponding period of 2016.
The company’s precise strategies helped the company reach a level of growth that is “unique” in the current market, while realising its potential to remain the provider of choice for logistics services in Qatar, thereby ensuring shareholders the best possible returns, said GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani.
GWC’s various divisions have proven themselves capable of innovating new solutions to new challenges, finding the best avenues for completing their operations and maintaining their service levels to their existing and newly acquired clients, the spokesman said.
The company leveraged every advantage available to it, including its connection to an international freight network, besides remaining the authorised service contractor for the international courier giant, UPS.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Turks will not be brought to their knees: Erdogan
Greece hails new post-bailout chapter but concerns remain
Premier Oil approves Tolmount gas project in UK North Sea
BoE’s unanimous rate hike has economists projecting two in 2019
US and Mexico are said to bridge gap on Nafta farm goods
Apple removes 25,000 apps in China
China defies US pressure as EU parts ways with Iran oil
Bank of Thailand governor strikes hawkish tone as GDP gains 4.6%
Vanke H1 profit rises 25% amid resilient property market