Gulf
Warehousing Company Net Profits Up 9.4% to QAR 249.1 Million
14 January 2020
Gulf
Warehousing Company has disclosed its audited financial
statements for the year ended 31 December 2019 which
reflected net profits of QAR 249.1 million compared to QAR
227.6 million for 2018, an increase of 9.4%. Net profit per
share amounted to QAR 0.43 for 2019 compared to QAR 0.39 for
2018.
The budget
of 2020 which was approved by the Board of Directors
amounted QAR 260.4 million.
The Board of
Directors will recommend to the shareholders’ next AGM the
distribution of QAR 0.20 dividends per share, 20% of 2019
net profits. The company has announced earlier the holding
of its shareholders’ AGM to be on Monday, 3 February 2020 at
6:00pm in Marsa Malaz Kempinski Hotel, The Pearl, Hall of
Venice for the ratification of 2019 financials. In case AGM
quorum is not attained, an alternative meeting is scheduled
to take place on Monday, 10 February 2020 the same place and
time.
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