FINANCIAL NEWS

Qatar’s GWC posts 11pct grow in net profits

23 Oct 2016

(MENAFN) GWC, Qatar’s leading logistics provider finished Q3 of this year with an increase of 11 percent in its revenues, reaching QR150mn.

Furthermore, the firm’s whole profits also grew to QR634mn at the end of the quarter, a 4 percent increase from QR608mn in the cited period of 2015.

In addition, the company’s assets continued to grow, with total assets reaching QR3.61bn by the end of Sep 2016, compared with QR2.981bn of 2015.

The firm launched the services for a project offering a company in the chemical sector highly specialized transportation solutions for the movement of caustic soda.

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