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AR
February 2018

GWC Performance 2017

Source: CNBCArabia.com
Publication date: February 04, 2018

GWC, first Qatari company to be active professionally in the fields of warehousing, transport of cargo, and the equipment, construction, and management, and rental of warehouses, was established in the summer of 2004, and its shares were registered in the Qatar Financial Securities Market in 2005.

The company owns a Logistics Village that extends across an area of 1 million square meters, with a storage capacity exceeding 330,000 square meters, 100,000 square meters of truck and maintenance yards, and 44,000 square meters dedicated to container yards.

Mirqab Holding owns around 22% of GWC share capital, while 19% of the share capital valued at around QAR 586 million is owned by Agility. The company’s assets increased by the end of 2017, nearing QAR 3.8 billion, while total liabilities stood at QAR 2 billion, of them QAR 1.8 billion are bank loans, while the value of equity rose to nearly QAR 1.6 billion.

The value of the company’s revenues in 2017 increased to QAR 967 million, however the operation cost also increased to QAR 617 million, and general expenditures rose to QAR 107 million, while financing expenses rose to QAR 44 million. This in turn reduced to value of the net profits by 6% to QAR 215 million, while EPS was set at QAR 3.68.

GWC’s market value in the Qatar Exchange is in excess of QAR 2.7 billion, while the book value was estimated at QAR 27, and the refined profit for the company’s share was set at 13 times.

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