GWC Achieves QAR 59.5 million in Q1 2019 Net Profits
GWC (Q.P.S.C.), Qatar’s leading logistics provider, concluded its first quarter of 2019 achieving QAR 59.5 million in net profits, with revenues reaching QAR 303.7 million during this same period. Earnings per share also increased to QAR 1.02 by the end of Q1 2019.
“GWC, in seeking to provide for the business sector’s needs, has helped in developing Qatar’s capabilities, both in terms of infrastructure and human capital,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani. “We will continue to support the nation’s goals, lay foundations, and developing strategies in line with the Qatar National Vision 2030, realizing our purpose to remain the provider of choice for logistics services in Qatar, and thereby ensuring our shareholders the best possible returns.”
It is this expertise in managing and developing warehousing infrastructure that GWC now offers through its new consulting branch. GWC Consulting works to minimize logistics costs, increase visibility and offer better inventory control while maximizing the productivity and efficiency of warehouse operations. The solution was developed through the experience gained by the company in offering consultations for clients in a variety of industries including oil and gas, aviation, retail, health care, and museums amongst others.
The standard the company has set extends far beyond its business operations, and into safeguarding the local community and environment to the best of its abilities. In addition to maintaining a level of excellence in its quality, health, safety, security, and environment policies and practices, the company has participated in a number of green initiatives intended to spread awareness and offer an immediate impact on its environmental footprint. Most recently, GWC was recognized for its participation in the Qatar Green Building Council’s “No Paper Day” initiative, encouraging massive recycling efforts from within the organization.
GWC continues to lead the nation through its various world-class solutions offered at the best international standards. It’s ability to consistently provide quality in service has made it a thought leader in the industry, which was confirmed when it’s subsidiary LEDD Technologies was invited to offer a series of speeches at the Ministry of Transport and Communications initiative “Go Digital”. The subsidiary offers the benefit of the expertise developed through fifteen years of developing technology solutions for the mother company, GWC.
“Constantly in step with Qatar throughout our 15-year history, GWC has become a true partner to the business community, the benchmark, and the investment our shareholders most trust,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani.