Gulf Warehousing Company Profits in Q2, 2017 Rise 3.8% to QR 105.26 Million 

Earnings per share stood at QR 1.80
 
July 23,  2017 
 
The net profit of Gulf Warehousing Company in the first half of the year amounted to QR 105.26 million   compared to QR 101.31 million in the corresponding period last year. Earnings per share amounted to QR 1.80 versus QR 1.76 in the corresponding period in 2016.
 
The Group Securities Comment:
 
The company’s net operating income in the first half increased by 6.7% to QR 164.8 million. Total expenses increased by 4.2% to QR 49.9 million. After adding other revenues worth QR 7.4 million, the operating profit increased by 6.1% to QR 122.3 million. After adding net financing cost of QR 17.1 million, net profit for the period increased by 3.9% to QR 105.3 million.