(MENAFN) Qatar's Gulf Warehousing Company (GWC) said that it has registered an increase by 38 percent in its net profits in 2014, achieving USD38.51 million in comparison with USD27.88 million recorded at the end of 2013.
The company said that the increase in net profit is largely attributed to strong revenue streams, with total revenues surging to USD184.82 million during 2014, increasing by 28 percent as compared with USD144.74 million in 2013, while its assets grew by 11.8 percent in 2014 in comparison to its holdings in the previous year, rising to USD577 million in total assets against USD515.78 million,
"This constant development of our assets as well as seeking to meet our client needs is part of an overarching strategy to ensure that our stakeholders see constant returns on their investment. Our long-term strategies will see us continue to develop on our current assets while exploring new avenues and markets ready for expansion and exploration," GWC Chairman said.
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