Gulf Warehousing Company Net Profit Rises
10% to QR173.91 Million in Q3 2018
October 23, 2018
Gulf Warehousing Company (GWC) net profit
amounted to QR173.91 million, compared to QR157.26 million for
the same period last year, while the company’s earnings per
share reached QR2.97, versus QR2.68 for the corresponding period
of 2017.
The Group’s Comments:
GWC’s gross profit from the operation of
stores increased by 20.1% to QR303.6 million in the first nine
months of 2018, in addition to QR10.6 million generated from
other income. The company’s total expenses increased by 7.6% to
QR82.1 million, and the cost of financing increased by 92.4% to
QR58.3 million. As a result, the net profit for this period
increased by 10.1% to QR173.2 million.
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