|22 April, 2019

Qatar-based Gulf Warehousing Company reports $16.3mln net profit in Q1

Earnings per share also increased to QR1.02 ($0.28) by the end of Q1 2019

Gulf Warehousing Company (GWC), Qatar's leading logistics provider, has concluded the first quarter of 2019 achieving QR59.5 million ($16.34 million) in net profits, and revenues of QR303.7 million ($83.42 million).

Earnings per share also increased to QR1.02 ($0.28) by the end of Q1 2019.

GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani said: “Our company, in seeking to provide for the business sector’s needs, has helped in developing Qatar’s capabilities, both in terms of infrastructure and human capital.”

“We will continue to support the nation’s goals, lay foundations, and developing strategies in line with the Qatar National Vision 2030, realising our purpose to remain the provider of choice for logistics services in Qatar, and thereby ensuring our shareholders the best possible returns,” he added.

It is this expertise in managing and developing warehousing infrastructure that GWC now offers through its new consulting branch. GWC Consulting works to minimise logistics costs, increase visibility and offer better inventory control while maximising the productivity and efficiency of warehouse operations.

The solution was developed through the experience gained by the company in offering consultations for clients in a variety of industries including oil and gas, aviation, retail, health care, and museums amongst others.

The standard the company has set extends far beyond its business operations, and into safeguarding the local community and environment to the best of its abilities.

In addition to maintaining a level of excellence in its quality, health, safety, security, and environment policies and practices, the company has participated in a number of green initiatives intended to spread awareness and offer an immediate impact on its environmental footprint.

Most recently, GWC was recognised for its participation in the Qatar Green Building Council’s “No Paper Day” initiative, encouraging massive recycling efforts from within the organisation.

GWC continues to lead the nation through its various world-class solutions offered at the best international standards. Its ability to consistently provide quality in service has made it a thought leader in the industry, which was confirmed when its subsidiary LEDD Technologies was invited to offer a series of speeches at the Ministry of Transport and Communications initiative “Go Digital”.

The subsidiary offers the benefit of the expertise developed through fifteen years of developing technology solutions for the mother company, GWC.

GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani said: “Constantly in step with Qatar throughout our 15-year history, our company has become a true partner to the business community, the benchmark, and the investment our shareholders most trust.” – TradeArabia News Service

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