DOHA: GWC, Qatar’s leading logistics provider, has reported a net profit of QR122.2m for the first half of this year ended June 30, 2019 (H1 2019), up 10.35 percent compared to QR110.7m for the corresponding period last year (H1 2018).
Gross revenues reached QR599.6m at the end of June 2019, while the company’s earnings per share also increased to QR0.21 (21 dirhams) in the first six months of 2019, registering a 10.53 percent 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,” said GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani (pictured).
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 authorised service contractor in 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.
