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LEAVE A COMMENT Your email address will not be published.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*
Trump, Xi hail progress in two-day trade talks
Indonesia’s Garuda cuts ticket prices 20% under govt pressure
China banks lend record $477bn new loans in Jan
Alibaba eyes stake in Metro’s China operations
LNG prices in Asia drop to 17-mth low on tepid demand
China factory-gate inflation slows for 7th straight month
Pakistan, Malaysia set to finalise LNG supply deal
Global stocks surge on hopeful signs from US-China trade talks
US manufacturing plunges in January; weak import prices support tame inflation picture