Doha – GWC (QPSC), Qatar’s leading logistics provider, concluded its third quarter of 2017 achieving QR 157.26mn, and when compared to QR 150.11mn by the end of the same period in 2016 it represents a rate of growth of 4.8% in its net profit. The company continues to register growth despite extraordinary circumstances by seeking new revenue streams, which registered QR 695.13mn at the end of the period, recording an 11.8 % increase from QR 621.38mn in the first nine months of 2016. This corresponded with growth in earning per shares for the company’s shareholders, which increased to QR 2.68mn in the first three quarters of 2017, a rise from 2.59 during the same period in 2016.
“The value of establishing strongest logistics infrastructure in the nation, operated by clearest and most precise strategies for our development and our operations, in addition to our commitment to diversification of the economy and tenets of Qatar National Vision 2030, has been highlighted in consideration of recent developments,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani. “This has allowed us a level of growth unique in the current market, realising 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 authorised service contractor for the international courier giant, UPS.