(MENAFN- The Peninsula) The Peninsula
GWC, Qatar's leading logistics provider, has reported net profits of QR157.26m for the first nine months of this year ended September 30, 2017, up 4.8 percent compared to QR150.11m recorded for the corresponding period in 2016.
The company continues to register growth despite extraordinary circumstances by seeking new revenue streams, which registered QR695.13m at the end of the period, recording an 11.8 percent increase from QR621.38m in the first nine months of 2016. This corresponded with growth in earning per shares for the company's shareholders, which increased to QR2.68 in the first three quarters of 2017, a rise from QR2.59 during the same period in 2016.
Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani (pictured), GWC Chairman of GWC, said: 'The value of establishing the strongest logistics infrastructure in the nation, operated by the clearest and most precise strategies for our development and our operations, in addition to our commitment to the diversification of the economy and the tenets of the Qatar National Vision 2030, has been highlighted in consideration of recent developments..
Sheikh Abdulla added: 'This has allowed us a level of growth unique in the current market, realizing our purpose to remain the provider of choice for logistics services in Qatar, and thereby ensuring our shareholders the best possible returns.
The company's various divisions have proven themselves capable of innovating new solutions to new challenges, finding the best avenues for completing their operations and maintaining their service levels to their existing and newly acquired clients. The company leveraged every advantage available to it, including its connection to an international freight network, in addition to remaining the authorized service contractor for the international courier giant, UPS.
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