|21 July, 2019

GWC Records 10% Growth in Net Profits for H1 2019

Gross revenues has reached QAR 599,6 million at the end of June 2019

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.

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About GWC

GWC is the leading provider of logistics and supply chain solutions in the State of Qatar. Established as a Qatari public shareholding company in 2004; the company offers high-quality warehousing and distribution services, hazmat logistics, freight forwarding, project logistics, sports and event logistics, equestrian logistics, fine art logistics, supply chain consulting, transportation management, records management, and door-to-door moving and relocation services. GWC delivers this by understanding the clients’ needs and by leveraging a global shipping network through Agility. Being a trend setter and raising the bar for the industry standards and practices, GWC has become the Authorized Service Contractor (ASC) for UPS in the State of Qatar since 2015. The company is backed by a team of committed and innovative experts in the field and supported by state-of-the-art IT systems and logistical infrastructure. To get GWC news and updates, please follow us on YouTube and Social Media @gwclogistics

GWC Media Contact
Mohammad Daoud
Corporate Communications Manager
P.O. Box: 24434, Qatar
Mobile: +974 33211010 
Direct: +974 44493124
Main: +974 4449 3000
Fax: +974 44569863
Email: mohammad.daoud@gwclogistics.com 
Web: www.gwclogistics.com 

© Press Release 2019

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