GWC, a leading provider supply chain solutions in the region, has posted net profits of QR54 million ($14.7 million) for the first quarter (Q1) of the year, reporting a growth of 8% compared with the Q1 2020 results of QR50 million.
The company gross revenues registered QR299 million, earnings per share of QR0.09, and total assets of QR4billion 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 the most difficult circumstances,” said 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 2022 logistics mandate,” said GWC Group CEO Ranjeev Menon. – TradeArabia News Service
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