GWC Q1 net profit jumps 6% to QR58 mn on revenues of QR351 mn

Tribune News Network Doha Gulf Warehousing Company (GWC), one of the region’s fastest growing companies, announced its financial results for the first quar...

Tribune News NetworkDohaGulf Warehousing Company (GWC), one of the region’s fastest growing companies, announced its financial results for the first quarter of 2022. During the three-month period ending March 31, 2022, the company posted net profits of QR58 million, reporting a growth of 6 percent. The company registered gross revenues of QR351 million, earnings per share of QR0.10, and total assets of QR4.294 billion for the same period.“Driven by a strong recovery and a rise in exports, Qatar’s economic prospects look great despite global challenges, and GWC is committed to being a part of this growth trajectory. We will continue to expand and diversify our offerings with the aim of further strengthening Qatar’s position as a global and regional logistics hub and helping the nation achieve the National Vision 2030,” Sheikh Abdullah bin Fahad bin Jassim bin Jabor Al Thani, Chairman, GWC stated.In recognition of its efforts, in the first quarter of 2022, GWC was awarded the Best Customs Brokerage Company in Qatar by the General Authority of Customs, which reaffirmed its steadfast dedication to its clients as well as the Government.GWC also became the first company to get accredited as an Authorized Economic Operator (AEO) from Qatar’s General Authority of Customs and will now be able to offer its diversified services with quicker turnarounds and higher compliance to world-class safety and security standards.“GWC is constantly striving for excellence and identifying innovative ways to make logistics faster, simpler and more cost-effective. With the FIFA World Cup Qatar 2022TM just a few months away, we are getting ready to deliver a never-seen-before experience which will redefine mega sports logistics and set new benchmarks,” remarked Ranjeev Menon, Group CEO, GWC.GWC, has recently launched a new multiplatform campaign across Europe, Middle East and Africa (EMEA) to highlight their global logistics. The campaign, titled ‘Life, Delivered’, showcases GWC’s unique role in providing intricate planning and robust infrastructure for logistics spanning various sectors including cold chain, oil and gas, pharmaceuticals, fine art and mega events such as the FIFA World Cup.