facebook google-plus instagram linkedin twitter youtube arrow arrow-up calendar Capital chart download hub kfh-shape live-stream map menu Office print Search Servers share Trucks
Array ( ) AR
April 2014

Gulf Warehousing Company: Solid Profit Growth of 40%

st-48

Gulf Warehousing Company (GWC) has earned 28.9 Million QR in net profits for the first quarter of 2014 as compared to 20.6 Million QR in the first quarter of 2013. This rise of 40% in our profits signals the markets long-standing trust in our special brand of fully-integrated logistics services and solutions.

GWC has accomplished much in the last decade: it has provided Qatar with a full-spectrum of logistics services, becoming market leaders in freight forwarding, transport, and customs clearance, and providing unique niche services such as records management, international moving and relocation, and fine arts logistics. Further, it has provided the country with essential logistics infrastructure distributed to all corners of the state, with facilities in Ras Laffan, Mesaieed, and several others in the Doha Industrial Area. This wide-spread expansion has increased our total assets to 1.954 billion QR, rising from 1.879 billion QR in December 2013, a 4% increase over last quarter.

Among these expanded facilities is the Logistics Village Qatar (LVQ), the culmination of our company’s years of experience and expertise which has resulted in a 1 million square meter logistics hub that provides services to entities big and small in the public and private sectors. The LVQ’s Phase 4 nears its completion date and shall be operational in June 2014. Reservations in the new phase have almost reached capacity, and this faith in our abilities is a sign of our overall success with an increase in our total revenues, bringing in 152.9 million QR this quarter, a sharp growth of 18% as compared to 129.7 million QR the first quarter of 2013.

Confidence in GWC service offerings has been reflected in their market performance, as earnings per share has risen by 0.61 during the first quarter of 2014, as compared to 0.43 in the same period of 2013, a remarkable 41% increase. “By capitalizing on our years of experience, and providing services at a unique and unparalleled level of professionalism, our commitment to growth and consistent returns is as strong as ever,” said GWC Chairman Sheikh Fahad bin Hamad bin Jassem Al-Thani. “This commitment to performance excellence both in the market and the field ensures our status as the preferred third-party logistics provider in Qatar and the GCC region.”

Filter by year
Latest
6 days
Hamad Port to position Qatar as re-export hub: GWC
1 month
GWC Records QAR 105.3 million in Net Profits for H1 2017
5 months
GWC Earns QAR 50.5 million in Net Profits for Q1 2017
5 months
GWC receives Qatar Success Award from Forbes Middle East
5 months
GWC receives CSR Leadership award during National CSR Report Launch
6 months
GWC honored for its efforts in making international cycling Championship a success
Blog
9 months
GWC to Develop Bu Sulba Logistics Hub for QAR 685 Million
1 month
A Moment of Introspection
8 months
Prime Minister opens Banana Island Resort Doha
8 months
Qatar Generates 193 Billion QAR in GDP by Third Quarter of 2014
8 months
F-Ring Road Opens to Traffic
5 months
Small and Medium Enterprises take center stage in Qatar