2018 was a year full of winnings for GWC, the leading logistics provider in Qatar. With the massive surge in their net profit, GWC concludes a 10% growth from QAR 215.4 million in 2017 to QAR237.5 million in 2018. The gross revenues of the company also spiked from QAR 981.3 million in 2017 to QAR1.232 billion at the end of 2018. Furthermore, the company’s board members proposed 19% cash dividend to shareholders which is still a subject for approval on the company’s upcoming annual general meeting on February 4, 2019.
GWC Chairman, Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al-Thani stated: “Such an achievement reflects the success of our long-term strategy, while supporting Qatar National Vision 2030 in becoming a sustainable and diverse economy, and ensuring the best possible returns to our shareholders.”
GWC has bear witness to numerous achievements that has come their way in 2018, yet the company still stays driven in their values as they engage in new opportunities and pursue new ventures. Aside from growth, the company has also expanded by adding LEDD Technologies and launching GWC Marine operations. GWC has also been assigned as the agent for UPS Supply Chain Solutions in the nation and awarded by Microsoft with the “Digital Transformation Award” as well as recognized by the Qatar Green Building Council for their efforts.
Group CEO of GWC, Ranjeev Menon stated: “Our purpose-driven values of innovation and performance continue to propel us forward in 2018, maintaining and developing our position as the preferred logistics provider in the State of Qatar, and thereby ensuring the best possible returns for our shareholders.”