GWC, Qatar’s leading logistics provider, has posted QR171 million ($47 million) in net profits for the first nine months of this year ending September 30, and registered gross revenue of QR926 million for the same period.
The company’s earnings per share stood at QR0.29 for the same period.
“The Q3 financial results reflect the resilience and agility that have forged the basis for GWC over the years as we continue to pursue our long-term plans, including mega projects under development and logistics support to one of the world’s largest sporting event FIFA World Cup Qatar 2022,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al-Thani.
“GWC has built robust hard and soft infrastructure, ensuring long-term growth and best possible returns to our shareholders,” he added.
“We will build on our collective experience and network throughout the world to deliver unrivalled logistics services and supply chain solutions for the FIFA World Cup 2022, while highlighting the world-class logistics infrastructure that Qatar offers,” stated GWC Group CEO Ranjeev Menon.
During September 2020, GWC has been announced as the first Regional Supporter and Official Logistics Provider for the FIFA World Cup Qatar 2022. As such, GWC will be the key operational supplier of logistics solutions for the FIFA World Cup Qatar 2022.
The FIFA World Cup Qatar 2022 will take place from November 21 until December 18 in eight stadiums around Qatar. -- Tradearabia News Service