GWC scores half-yearly net profit of QR108mn
July 27 2021 07:33 PM
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The GWC facility at Qatar Free Zones.
The GWC facility at Qatar Free Zones.

Gulf Warehousing Company (GWC) has posted a net profit of QR108mn for the six-month period that ended in June.
Qatar’s leading logistics and supply chain solutions provider also achieved total revenues of QR624mn, while earnings per share stood at QR0.18.

 


Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani, GWC chairman.

“H1, 2021 results and the performance of all our divisions reflect the company’s resilience and commitment to offer world-class logistics services to our customers in spite of challenging times,” stated Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani, GWC chairman.
“We remain fully committed to our customers and shareholders and with the backing of our infrastructure, expertise and diligence, I am confident will continue to develop and evolve toward reaching our long-term goals,” stated Ranjeev Menon, Group CEO, GWC.
 

GWC Group CEO Ranjeev Menon

He further added that the company will also continue to stay focused on profitability through innovation, sustainability and digitalisation while actively managing their portfolio.
Additionally, the development of the 1.5mn square metre Al Wukair Logistics Park, which offers a whole suite of supply chain solutions to micro, small and medium enterprises, has been progressing well.
This Logistics Park, due to its central location, close proximity to the airport and the port, coupled with seamless offering of logistics services, will be the main distribution hub for handling the World Cup logistics.



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