GWC reports 8% growth in Q1 Net Profits

0
229
Sheikh Abdullah Bin Fahad Bin Jassim Bin Jabor Al Thani, Chairman, GWC

GWC (Q.P.S.C.), one of the region’s fastest growing companies, has announced its financial results for the first quarter of 2021. During the three-month period ending 31 March 2021, the company posted net profits of QAR 54 million, reporting a growth of 8% compared with the Q1 2020 results of QAR 50 million. The company gross revenues registered QAR 299 million, earnings per share of QAR 0.09, and total assets of QAR 4 billion for the same period ending 31 March 2021.

“Qatar’s long-term objectives and plans haven’t changed in the face of the pandemic; as the leading logistics provider in the State of Qatar, GWC has succeeded in supplying the public and private sectors with lean, reliable and Class-A logistics and supply chain solutions that have kept the country running. We will continue expanding our capabilities and deliver under any circumstance.” Stated GWC Chairman Sheikh Abdullah Bin Fahad Bin Jassim Bin Jabor Al Thani.

In Q1 2021, GWC has continued to deliver on the quality and level of service offered to its clients, maximizing the benefit of its proactive process improvement initiatives.

GWC’s commitment to industry leadership on every level earned it the “Pride of Logistics” award at the Logistics Middle East Awards 2021 at the end of the first quarter.

“GWC’s history of logistics excellence under any circumstance, as well as its wealth of infrastructure, experience, and staff ready to undertake any challenge. And we will continue to develop and improve ourselves in order to ensure the successful actualization of another milestone of Qatar’s National Vision through the successful delivery of the FIFA World Cup Qatar 2022TM logistics mandate.” Stated GWC Group CEO Ranjeev Menon.

“Qatar’s long-term objectives and plans haven’t changed in the face of the pandemic; as the leading logistics provider in the State of Qatar, GWC has succeeded in supplying the public and private sectors with lean, reliable and Class-A logistics and supply chain solutions that have kept the country running. We will continue expanding our capabilities and deliver under the most difficult circumstances.” Stated GWC Chairman Sheikh Abdullah Bin Fahad Bin Jassim Bin Jabor Al Thani.

Sea News, April 30

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News