Qatar’s leading logistics provider GWC achieved a net profit of QR171mn during the first nine months of this year that ended on September 30, and registered gross revenue of QR926mn for the same period.
The company’s earnings per share stood at QR0.29 for the same period.
GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani stated, “Q3 financial results reflect the resilience and agility that have forged the basis for GWC over the years as we continue to pursue our long-term plans, including mega projects under development and logistics support to one of the world’s largest sporting event FIFA World Cup Qatar 2022.
“GWC has built robust hard and soft infrastructure, ensuring long-term growth and best possible returns to our shareholders.”
GWC Group CEO Ranjeev Menon said, “We will build on our collective experience and network throughout the world to deliver unrivalled logistics services and supply chain solutions for the FIFA World Cup 2022, while highlighting the world-class logistics infrastructure that Qatar offers.”
During September 2020, GWC has been announced as the first ‘Regional Supporter and Official Logistics Provider’ for the FIFA World Cup Qatar 2022. As such, GWC will be the key operational supplier of logistics solutions for the FIFA World Cup Qatar 2022. The FIFA World Cup Qatar 2022 will take place from November 21 to December 18 in eight stadiums around Qatar.”
GWC is a leading provider of logistics and supply chain solutions. The company offers quality warehousing and distribution services, hazmat logistics, freight forwarding, project logistics, sports and events logistics, equestrian logistics, fine art logistics, supply chain consulting, transportation management, records management, and door-to-door moving and relocation services.
GWC delivers this by understanding the clients’ needs and by leveraging a global shipping network of more than 600 offices around the world powered by being the Authorised Service Contractor (ASC) for UPS in Qatar since 2015.
The company is backed by a team of committed and innovative experts in the field and supported by state-of-the-art IT systems, process improvement engineers, and a robust logistical infrastructure spreading over 4.5mn square metres.
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