Gulf Warehousing Net Profit Rises to QR115
Million in 1st Half of 2018
July 22, 2018
Gulf Warehousing Company’s net profit
amounted to QR115.66 million, compared to QR105.26 million for
the same period last year, while its earnings per share recorded
QR1.97, versus QR1.80 for the same period of 2017.
The Group’s Comments:
GWC’s total operating profit rose by 23% to
QR202.7 million in the first half of 2018 -possibly owing to
increased storing due to the blockade-. The administrative and
other expenses increased by 13.4% to QR56.6 million, while the
cost of financing doubled to QR38.7 million. As a result, the
net profit increased by 9.8% to QR115.6 million.
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