Gulf Warehousing Company (GWC), Qatar’s leading logistics provider, has reported a 10% growth in net profits to reach QR116mn in the first half of 2018 compared to the QR105mn posted in the same period last year.
The company also registered increased revenue of QR622mn at the end of the period. Constantly seeking the best interest of its shareholders, the company’s earnings per share also increased to QR1.97 in the first six months of 2018, a 9% rise from QR1.8 during the same period in 2017.
“GWC has positioned itself as an instrumental element of Qatar’s self-sufficiency plans, offering its unique level of expertise and wide spanning infrastructure, supporting the local economy and thereby realising our purpose — to continue as the provider of choice for logistics services in Qatar, and ensuring our shareholders the best possible returns,” GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani said.
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, in addition to providing express courier services as the authorised service contractor in the State of Qatar for an international courier giant.
GWC was 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 sqm of logistics infrastructure in the nation.
The company’s confidence in the local market is evidenced by its continuing investment and development of new product lines to serve the Qatari economy, most recently with the launch of LEDD Technologies.
The new technology provider equips clients with the technology services and solutions needed to enable their business transformation needs based on experience and skills recognised by Microsoft for its outstanding achievements in leading Qatar’s digital transformation.
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