GULF WAREHOUSING COMPANY Q.P.S.C.
Gulf Warehousing Company (GWC), Qatar's leading logistics and supply chain solutions provider, reported net profits of QR108 million, during the six-month period ending on June 30, 2021.
The company also achieved total revenues of QR624 million and earnings per share stood at 0.18 Qatari riyals.
'Our H1 2021 results and the commendable performance of all our divisions reflect our 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 are cognizant that our role as the official logistics provider for the FIFA World Cup Qatar 2022™ is pivotal in making this sporting event an unprecedented success and we look forward to doing our part passionately in the tournament's logistics operations. Managing an event of this scale is complex and critical, however with all our mega projects on track we will be offering world-class logistics services to ensure a seamless and efficient delivery of this competition,' 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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Gulf Warehousing Company QSC published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 12:09:03 UTC.
