Company announces its end-of-year financial results
The company achieved net profits of QAR 215mn for the year ended 2023, and total revenues of QAR 1.5bn. The total operating profit reached QAR 323mn with an asset base of QAR 5.2bn. EPS (earnings per share) for the year ending 2023 recorded was QAR 0.367.
“GWC’s performance is testament to our strategic initiatives, innovative solutions, and unwavering commitment to excellence. GWC Group is embarking on an ambitious journey, exploring new markets, and diversifying its services. These strategic moves are reinforcing Qatar’s position as a regional and global logistics and reexport hub, setting the stage for continued growth and innovation,” explained Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al Thani, Chairman, GWC Group.
Key milestones
2023 was packed with key milestones for GWC, including the launch of GWC Energy, launch of phase-2 of Al Wukair Logistics Park, the 3rd Annual GWC Forum, in addition to providing the logistics mandate for EXPO Doha 2023.
“Over 20 years of industry leadership, the GWC team has proven that commitment and diligence are the cornerstones of logistics excellence,” commented Ranjeev Menon, Group CEO.
“Looking ahead, GWC remains poised for continued success and growth. The company’s commitment to excellence, innovation, and sustainability will continue to drive its endeavours and contribute to the broader success of region’s logistics sector,” added Menon.
