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FINANCIAL NEWS
Qatar’s GWC net income increases 32 percent
21 Jan 2016
(MENAFN) GWC, Qatar’s leading logistics producer, settled last year with a strong rate of growth of 32 percent in its net incomes, reaching USD 50.7mn to USD 38.4mn.
Moreover, the firm’s revenue had a steady rise, with total profits peaking at USD 216.15mn at the end of 2015, a strong 20 percent grow from USD 180.2mn in 2014.
The GWC Board of Directors confirmed a reference to increase the firm foreign ownership limit to 49 percent from the recent level of 25 percent.
In addition, the Company reported a yearly increase of 42 percent in whole assets, rising to USD 0.81bn in 2015, compared with USD 0.57bn in 2014.
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