Gulf Warehousing Company (GWC), a leading 3PL logistics provider in Qatar, has registered a net profit of QR140.3 million ($38.4 million) in 2014, up 38 per cent compared to QR101.6 million ($27 million) the previous year.

This was largely attributed to strong revenue streams, with total revenues peaking at QR673.3 million during 2014, a remarkable increase from QR527.3 million for the year 2013, a difference of 28 per cent.

The company's earnings per share rose to QR2.95 at the end of 2014, a remarkable increase of 38 per cent compared with the 2013 results of QR2.14.

GWC said its assets also saw exponential growth during 2014, rising to QR2.102 billion in total assets, a growth of 11.8 per cent in comparison to its holdings in 2013, which amounted to QR1.879 billion.

Commenting on the results, chairman Sheikh Abdulla Fahad JJ Al-Thani, said: "This constant development of our assets as well as seeking to meet our client needs are part of an overarching strategy to ensure that our stakeholders see constant returns on their investment."

“Our long-term strategies will see us continue to develop on our current assets while exploring new avenues and markets ready for expansion and exploration,” he added.-TradeArabia News Service