GWC reports $64.82m net profit for 2020
DOHA, January 26, 2021
GWC, a leading provider of logistics and supply chain solutions in Qatar, has reported a net profit of QAR236 million ($64.82 million) for the financial year 2020 , with gross revenues reaching QAR1.233 billion at the end of 2020, and EPS at QAR0.40 by the end of the same period.
The company's board has recommended 10% cash dividend to shareholders which is subject for discussion and approval during the company’s Annual General Meeting scheduled to be held on February 15, 2021.
“We are pleased with our performance this year, we will point back in the future to 2020 as a year in which Qatar stood stronger, more diverse and more resilient as a nation, God willing. Thanks to everyone who entrusted GWC to meet this year’s challenge and prove that we have the ability to stretch our capacities and deliver under the most difficult circumstances,” GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani stated.