GWC reports QR108m net profit for H1

July 29, 2021

Doha: Gulf Warehousing Company (GWC), Qatar’s leading logistics and supply chain solutions provider, reported net profit of QR108m, during the six-month period ending on June 30, 2021. The company also achieved total revenues of QR624m and earnings per share stood at QR0.18.

“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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