Qatar PR Network, Online Press Release from qatar and Doha city
 
Shipping & Logistic(Shipping and Logistic)
Filter PR by
  
GWC growth continues with 30% increase in net profits for the first half of 2015

Gulf Warehousing Company Q.S.C. (GWC), Qatar’s leading logistics provider, has delivered strong and steady growth in its net profits in the first half of 2015, marking a 30% increase in net profits; achieving QAR 87.7 million, as compared to QAR 67.6 million by the end of June 2014. This robust growth was mirrored in the company’s revenue streams, with total revenues peaking at QAR 405.7 million during the first half of 2015, a remarkable 21.3% increase from QAR 334.6 million for same period in 2014. Earnings per share rose to QAR 1.84 during this period, shaping an increase of 30% compared with the 2014 results of QAR 1.42.

“The road to success is paved by strong values, and by fostering the drive and tenacity to innovate and deliver, we have become the logistics provider of choice in the State of Qatar,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani. “By providing the most comprehensive solutions and by constantly developing dynamic and flexible infrastructure, we are able to remain true to our purpose and ensure the best possible returns to our shareholders,” he added.
The Logistics Village Qatar (LVQ) Phase 5 expansion has kicked off major key operations, with construction begun on the 28,500 and 17,000 square meter distribution centers in addition to the mosque and accommodation. Infrastructure development and utility service line development has also begun at the site.
Leveling and compaction at the GWC Bu Sulba Logistics Park has also reached its final stages, with construction on the site set to begin by mid-August 2015.

The over half a million square meter logistics site will boast the latest in warehouse and distribution management systems, technology, and facilities optimized for small and medium enterprises and start-ups in the State of Qatar.

The Ras Laffan logistics hub expansions continues on schedule, with construction on the 15,000 square meter warehouse with specialized HAZMAT logistics specifications and capabilities is half way complete. The remaining work is expected to be completed within the next half of 2015, and to be made operational by Q1 2016.

Additionally, the second half of 2015 saw the addition of courier services to the company’s service portfolio, as GWC signed an agreement to become the Authorized Service Contractor for UPS (ASC) in the State of Qatar. GWC began offering the range of UPS services after the inauguration of its new flagship outlet located on D-Ring Road last June 2015. Express shops were also opened in the Qatar Financial Center in West Bay, Street 15 of the Industrial Area, as well as in GWC facilities in Ras Laffan and Messaieed.

This unprecedented growth in projects and in constructed facilities prompted the company’s board to propose to increase the company’s capital by 25%, which is equivalent to 11,890,244 shares, at a nominal value of QAR (10) per share, and an issuing premium of QAR (28.50) per share (therefore amounting to a total of QAR 38.50 per share); a proposal which the Companies Control Department of the Ministry of Economy and Commerce approved in the second quarter. The company also announced that it was in the process of getting the Ministry of Economy and Commerce to approve a date to convene an Extraordinary General Assembly Meeting in order to adopt and ratify this transaction. The date of the assembly shall be announced at a later date.

During Ramadan, GWC has sponsored Hasanat Olympics for the second year in a row, the Iftar charity program handled by The Youth Company, a Qatar-based youth empowerment non-profit social enterprise. Hasanat Olympics involves volunteers packing iftar boxes for the needy, visiting special needs children, and collecting clothes for charity. The month is full of many opportunities for the youth to give back and pile up some hasanat!

The company was also recognized during HMC World Blood Donor Day at the St. Regis Hotel, which was intended to draw attention to more than 400 blood donors and a number of local organizations that have especially contributed to the HMC blood drives in the past, where GWC has been a consistent donor.
Gulf Warehousing Company Q.S.C. (GWC) is a Qatari shareholding company and is the leading provider of integrated logistical solutions in the State of Qatar.

Established in 2004, the company is in the business of providing high-quality logistics solutions in Qatar and globally. GWC caters to most industry verticals and delivers understanding customers and leveraging its global network. GWC is backed by a team of committed and innovative experts and supported by state-of-the-art storage infrastructure, transport fleet and IT systems.

Posted by : Qatar and Doha City PR Network Editorial Team
Viewed 53750 times
PR Category : Shipping and Logistic
Posted on : Tuesday, July 21, 2015  10:47:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of QatarPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
NARSissist Wanted Eyeshadow Palette Get More Views [19946-Views]
NARS Erdem SS19 Beauty Report [18897-Views]
NARSissist Wanted Cheek Palettes I & II Raise Your Profile [17872-Views]
The FW18 Trend Report From Weill Paris [15908-Views]
Diana Arno Expands Online Shopping to Middle East [14739-Views]
The Trendiest Fall/Winter 2018 Accessories From Etoile ‘La Boutique' [13813-Views]
FOREO To Attend TFWA: the World's Largest Travel Retail Show [13587-Views]
Climax Mascara Never Fake It [11587-Views]
Discover the Secret to Younger-looking, Radiant Skin [10963-Views]
Brow Contour Pro 4-in-1 defining & highlighting brow pencil [10553-Views]
Kindle Devices Now Available on SOUQ.com [10160-Views]
Dyson Reveals the Future of Clean Homes. [9127-Views]
The World of Aigner Wunderkammer [7946-Views]
Aseel Al-Hamad tells CNN: Nothing is impossible [7499-Views]
Halloween “Catwoman” mask using BROW products [6576-Views]
Huawei Launches Kirin 980, the World's First Commercial 7nm SoC [6125-Views]
Clean Air in Classrooms Improves Student Performance [5539-Views]
Michael Kors to Introduce a Special-edition Whitney Handbag for the Middle East [5371-Views]
How To Ensure Your Child's Safety Online [4846-Views]
Huawei becomes one of the first multi-national technology companies to register with one hundred per... [2964-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories