Gulf Warehousing Company (GWC), one of the fastest-growing firms in the Mena region, has posted a net profit of QR215 million ($59.1 million) for 2023 on the back of robust revenue of QR1.5 billion ($410 million). 

 

The total operating profit reached QR323 million with an asset base of QR5.2 billion. EPS for the year ending 2023 recorded was QR0.367. 

 

GWC Chairman, Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al Thani, said: “GWC’s performance is the result of our strategic initiatives, innovative solutions, and unwavering commitment to excellence. We are embarking on an ambitious journey, exploring new markets, and diversifying its services. These strategic moves are reinforcing Qatar’s position as a regional and global logistics and reexport hub, setting the stage for continued growth and innovation.”

 

Key milestones

2023 was packed with key milestones for GWC, including the launch of GWC Energy, launch of phase-2 of Al Wukair Logistics Park, the 3rd annual GWC Forum, and recognition for being a leader in sustainability from Forbes, in addition to providing the logistics mandate for Expo Doha 2023. 

 

Ranjeev Menon, Group CEO, said: “Over 20 years of industry leadership, the GWC team has proven that commitment and diligence are the cornerstones of logistics excellence.”

 

Menon added: “Looking ahead, GWC remains poised for continued success and growth. The company's commitment to excellence, innovation, and sustainability will continue to drive its endeavours and contribute to the broader success of region's logistics sector.”--TradeArabia News Service