GWC posts 10% growth in Q3 net profits, registering QAR 182 million
GWC (Q.P.S.C.), Qatar’s leading logistics provider, concluded its third quarter of 2019 achieving QAR 182 million, representing a 10% growth when compared to QAR 166 million by the end of the same period in 2018. Gross revenue was QAR 915 million at the end of the third quarter of 2019. This corresponded with growth in earning per share for the company’s shareholders, which increased to QAR 0.31 at the end of the third quarter of 2019, a 11% rise from QAR 0.28 during the same period in 2018.
“Our results are continuing the success story we’ve established over the last fifteen years, in pursuit of our long-term plans, and driven by the abilities and expertise we have gained. We are committed to offering solutions and infrastructure that make us the logistics provider of choice in the region, and ensuring our shareholders the best possible returns,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al-Thani.
The company’s various divisions have all banded together to achieve these results, by diversifying revenue streams and seeking new business opportunities, cross-selling and creating end-to-end service packages, as well as by developing solutions and processes that increase both efficiency and sustainability in our company’s different practices.
“We maintain our commitment to setting a world-class standard in logistics operations across all our service offerings, particularly as we come closer to our united goal of delivering the best World Cup in the sport’s history. To that end, GWC has established the local knowledge necessary to enable such international sports events with success, providing a convenient ‘single point of contact’ for sporting and event logistics, ensuring the delivery of all event essentials on time, and with total visibility and control,” stated GWC Group CEO Mr. Ranjeev Menon.
GWC has worked closely on the biggest sports events held in Qatar since 2006, providing its clients unmatched local expertise, warehousing, distribution, and handling assets with the benefit of well-rounded international freight connection. These abilities are bolstered further by the company’s track record of financing, designing, developing, and operating of built-to-fit logistics hubs.
“Our track record of logistics infrastructure development and management is storied and fruitful, a fact that has been especially useful for our clients in the oil and gas sector. With unparalleled safety, scale and efficiency, GWC ensures that all of the diverse needs of the oil and gas industry are met with the highest grade of professionalism,” stated GWC Group CEO Mr. Ranjeev Menon.
GWC leverages the locational advantage and the expansive capabilities of its major petrochemical hubs delivering its services under strict and comprehensive safety measures that ensure the company’s staff and client’s interests are kept safe and sound.
GWC Welcomes Sri Lankan Ambassador at Logistics Village Qatar
In the Picture: H.E. Mr. Kithsiri Athulathmudali Ambassador of Sri Lankan Republic to the State of Qatar (third from left), to his left Mrs. Tia Prang, Sr. Director of Human Resources at GWC, to his right Mr. Mohammad Daoud, Corporate Communications Manager at GWC; among other officials the Embassy and GWC.
GWC (Q.P.S.C.), Qatar’s leading logistics provider, has welcomed H.E. Mr. Kithsiri Athulathmudali Ambassador of Sri Lanka to the State of Qatar at the Logistics Village Qatar (LVQ) during a site tour to get a general idea about GWC’s offering and the Sri Lankan Employees on August 17, 2019. The visit included a tour of the landmark integrated logistics hub, offering bespoke supply chain logistics and warehousing solutions, spanning 1-million square meter infrastructure; the largest logistics hub of its kind in the region. His Excellency was received by Ms. Tia Prang, Senior Director of Human Resources and Mr. Mohammad Daoud, Senior Manager of Corporate Communications, as well as a number of officials from both parties.
15 km off the Hamad Port, 18 km from Hamad International Airport, just 2 km from Doha’s main industrial area, and immediately accessible through the country’s G-Ring Road, GWC’s strategically positioned LVQ offers the most comprehensive, globally recognized supply chain solutions. Organized, structured, integrated, IT enabled, and “ready-to-go”, the LVQ was conceived and developed on a scale that has set new benchmarks in logistics infrastructure.
Speaking at the LVQ, H.E. Mr. Kithsiri Athulathmudali, Ambassador of Sri Lanka to the State of Qatar stated: “Its’s a great pleasure visiting your organization and the facilities provided to your employees. I’m extremely impressed with what I saw, not only from health and welfare perspective; but in general, how GWC is providing work life balance to its employees. It’s been a fantastic experience and I’m looking forward to meeting the rest of the team and working with you in the future in order to enhance your organization providing you with skilled employment from Sri Lanka, as well as continue our dialogue of mutual interest.”
LVQ harnesses highest standards for health and safety, fire suppression and security within the premises, allowing for optimum handling of goods stored within. Environment protection is also taken seriously when it comes to the use of packaging materials and recyclables. The company implements reduce, reuse and recycle (RRR) practices at all times to achieve this objective. A multinational work force lives in high standards accommodation buildings while entertainment and living needs being secured for them.
“It was a pleasure to host H.E. the Ambassador of Sri Lanka at LVQ, showcasing what Qatar is capable of, while reviewing possible avenues of collaboration,” stated Mrs. Tia Prang, Sr. Director of Human Resources at GWC. “The grand vision behind developing the LVQ was to provide regional and international companies with customizable, instantly operational platforms to meet their logistics needs, while maintaining and developing highly qualified human talent capable of handling their tasks in a safe and loving environment.”