GWC Records 10% Growth in Net Profits for H1 2019
GWC (Q.P.S.C.), Qatar’s leading logistics provider, concluded its first half of 2019 with a 10.35% growth rate in net profits, achieving QAR 122.2 million at the end of June 2019, as compared with QAR 110.7 million registered at the end of the same period in 2018. Gross revenues has reached QAR 599,6 million at the end of June 2019, while the company’s earnings per share also increased to QAR 0.21 in the first six months of 2019, registering a 10.53% rise from 0.19 during the same period in 2018.
“Over 15 years, GWC has developed infrastructure and created systems that continue to work in building the nation’s logistical infrastructure. As we progress, we will continue to lay foundations and develop strategies in line with the country’s vision and ambitions, while ensuring our shareholders the best possible returns,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al-Thani.
The company’s various departments continue to maintain optimal operations across the board and leverage the strength of its international freight network, in addition to providing express courier services as the authorized service contractor in the State of Qatar for UPS. The company is aided by increased activity for its freight solutions and contract logistics services offered at the Logistics Village Qatar (LVQ), the GWC Bu Sulba Warehousing Park, and the Bu Fasseela Warehousing Park, all forming part of its 3 million square meters of logistics infrastructure in the nation. These are further supported by developing technological enhancements performed on the company’s operations, increasing efficiency and emphasizing its standing as a technology-driven enterprise.