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FINANCIAL NEWS
Qatar’s GWC net profit grows by 15 percent to USD 12.75mn
21 Apr 2016
(MENAFN) GWC, Qatar’s leading logistics producer, proclaimed net profit of USD 12.75mn for Q1 of 2016 showing increase of 15 percent compared to USD 11.08mn of 2015.
Moreover, the firm’s income increased, with whole revenues peaking at USD 60.36mn at the end of the quarter, a 14 percent grow from USD 52.76mn in 2015.
On the other hand, the company’s assets continued to enhance, with total assets touching USD 0.84bn by the end of March 2016, compared with USD 0.81bn of 2015.
The firm aims to move in line with the direction taken by the nation, which will continue to increase organically among the recently given environment.
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