GWC (QPSC), the leading logistics provider in the State of Qatar, recently announced their financial results for the first quarter of 2020.
During the three-month period ending 31 March 2020, the company registered a net profit of QAR50.3 million, gross revenues of QAR296.3 million, earnings per share of QAR0.09, and total assets of QAR3.7 billion for the same period.
According to GWC Chairman Sheikh Abdullah bin Fahad bin Jassim bin Jabor Al Thani, the company has furnished its expertise and capabilities in various logistics and supply chain fields such as warehouse management, distribution, transportation, freight, customs clearance, and supply chain consulting, towards the best interest of the nation. The company has also consistently supported its customers and the government of Qatar in an effort to mitigate the impact of the coronavirus outbreak.
GWC’s direct contribution lies in ensuring the maintenance of supply chains during this time of crisis.
We have done so while ensuring the health and safety of our employees, clients, and other stakeholders; maintaining the best international health standards and the specific directives to combat this disease.
GWC Group CEO Ranjeev Menon said they are always ready to deliver the nation’s logistics need.
By offering every support to the business community, and keeping the flow of goods moving, we ensure (that) the economy at large remains functional, and that the core needs of Qatar and its people are met.
GWC has also recently announced a COVID-19 business support bundle for the SME sector, offering free customs clearance and transportation services for SMEs importing critical medical supplies used for the fight against COVID-19.
This followed the GWC announcement of a three-month rent waiver for retail outlets and six-month rental discounts for SME tenants at the GWC Bu Sulba Warehousing Park.
For updates and more information about GWC, visit gwclogistics.com.