Doha: GWC, the leading logistics provider in the State of Qatar, posted net profits of QR50.3m and a gross revenues of QR296.3m for the first quarter of 2020. The company’s earnings per share stood at QR0.09, and total assets reached QR3.7bn for the same period.
“During this quarter, the company has furnished its expertise and capabilities in various logistics and supply chain fields such as warehouse management, distribu-tion, transportation, freight, customs clearance, and supply chain consulting to-wards the best interests of the nation and its inhabitants; supporting it customers, human capital and the government of the State of Qatar in its efforts to mitigate the impact of the Coronavirus outbreak (COVID-19),” stated GWC Chairman Sheikh Abdullah bin Fahad bin Jassim bin Jabor Al Thani.
GWC’s direct contribution is by maintaining the supply chain during this time of crisis. The company has done so while ensuring the health and safety of the employees, cli-ents, and other stakeholders by maintain-ing the best international health standards and the specific directives to combat this disease, the Chairman said.
“GWC is now and always ready to deliver the nation’s every logistics need. By offer-ing our every support to the business community, and keeping the flow of goods moving, we ensure the economy at large remains functional, and that the core needs of Qatar and its people are continu-ally met,” stated GWC Group CEO Ranjeev Menon.
GWC has also recently announced a COVID-19 business support bundle aimed at SMEs, offering free customs clearance and transportation services for SMEs im-porting critical medical supplies used for the fight against COVID-19.
This followed a previous announcement of a 3-month rent waiver for retail outlets and 6-month rental discounts for SME tenants at the GWC Bu Sulba Warehousing Park.
