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July 2021

GWC reports H1 2021 financial results

Gulf Warehousing Company (GWC), Qatar’s leading logistics and supply chain solutions provider, reported net profits of QR108 million, during the six-month period ending on June 30, 2021.

The company also achieved total revenues of QR624 million and earnings per share stood at 0.18 Qatari riyals.

“H1 2021 results and the performance of all our divisions reflect the company’s resilience and commitment to offer world-class logistics services to our customers in spite of challenging times,” stated Sheikh Abdulla Bin Fahad Bin Jassem Bin Jabor Al-Thani, Chairman, GWC.

“We remain fully committed to our customers and shareholders and with the backing of our infrastructure, expertise and diligence, I am confident will continue to develop and evolve toward reaching our long-term goals,” remarked Ranjeev Menon, Group CEO, GWC.

He further added that the Company will also continue to stay focused on profitability through innovation, sustainability and digitalisation while actively managing their portfolio.

Additionally, the development of the 1.5 million square meter Al Wukair Logistics Park, which offers a whole suite of supply chain solutions to micro, small and medium enterprises has been progressing well. This Logistics Park due to its central location, close proximity to the airport and the port, coupled with seamless offering of logistics services will be the main distribution hub for handling the World Cup logistics.

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