Qatar - GWC posts QR225m net profit for 2021| MENAFN.COM

Monday, 16 May 2022 09:39 GMT

Qatar - GWC posts QR225m net profit for 2021


(MENAFN- The Peninsula) The Peninsula

Doha: GWC yesterday reported net profit of QR225m for the financial year ending December 31, 2021, with gross revenues reaching QR1.3bn at the end of 2021, and EPS at QR0.38 by the end of the same period.

The Company's Board has recommended QR0.10 cash dividend to shareholders which is subject for discussion and approval during the company's Annual General Meeting scheduled to be held on February 16, 2022.

“2021 brought with it, its own set of challenges but it gives me immense pride to witness how Qatar navigated through them and emerged stronger. For us, every challenge presents an opportunity to rise above and fulfil our duty towards Qatar's vision. I take this opportunity to extend my gratitude to all our stakeholders and partners, who continue to trust and encourage us to exceed their expectations. We have a lot to look forward to this year and we will endeavour to build on our achievements,” GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani stated.

He also acknowledged the hard work and dedication put forth by the staff of GWC without whom these milestones would not have been achieved.

“The persistent efforts of our team at GWC are the reason we have been able to provide seamless service and perform our duties to ensure that the nation's progress does not get adversely affected,” he added.

“The GWC Al Wukair Logistics Park is one of the flagship developments of GWC, it is a one-stop-shop for entrepreneurs, with a very strong focus on providing micro, small and medium scale Enterprises (MSMEs) with access to logistics and light industry infrastructure needed for their growth and success. In addition, GWC will be taking care of all the regulatory as well as infrastructure and supply chain needs,” Ranjeev Menon, Group CEO, GWC, stated.

Adding to this, he said,“2022 is a landmark year for us as we inch towards the final months leading to the FIFA World Cup Qatar 2022. As the Regional Supporter and Official Logistics Provider, we are aware of the immense responsibility placed upon us and the mammoth task we have ahead. We have been working diligently to ensure the seamless delivery of this mega sporting event.”

GWC will be offering a broad spectrum of services ranging from venue logistics, broadcasting and cold chain logistics, to shipping, customs clearance, transport and warehousing, down to logistics operations of merchandise, souvenirs, and food and beverages.

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