(MENAFN- Gulf Times) Gulf Warehousing Company has been recognised during the "GIL Global Practices Award" in recognition of the company's efforts in "setting the standard of the logistics industry in Qatar," the company said in a statement.
GWC Director of Business Solutions Sunil Kambrath received the "Leading Domestic Logistics Service Provider of the Year 2015" award from Frost and Sullivan in a ceremony held in Dubai on February 16.
Kambrath said, "Over the last 10 years, GWC has grown to play an integral role within Qatar's economy, aiding multiple developmental projects of government agencies and ministries, major corporations and new small and medium-sized enterprise (SME) startups.
"We will remain steadfast in our commitment to providing world-class services to the country, and in our continuing efforts to further develop and upgrade these services regionally and internationally," he added.
GWC Group CEO Ranjeev Menon said the award reflects the company's year-long achievements as GWC earned a net profit of QR140.3mn, gross revenues at QR673.3mn, earnings per share at QR2.95, and total assets of QR2.1bn all in 2014.
"In the decade since our establishment, we have laid the foundations necessary to launch ourselves into the future, paving a path with considerable efforts and substantial investments that have enhanced our infrastructure and service capabilities," Menon explained.
He added, "Today, our scale of operations is unmatched, which has given us the competitive advantage across all our service offerings."
The Frost and Sullivan GIL Global Best Practices Awards celebrated its sixth consecutive year in 2015, bringing together a global network of thinkers, visionaries, and thought leaders working together to leverage innovation as a resource to address global challenges.
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