Arab Today, arab today gwc reports 31 rise in profit
Last Updated : GMT 22:49:43
Arab Today, arab today
Arab Today, arab today

GWC reports 31% rise in profit

Arab Today, arab today

Arab Today, arab today GWC reports 31% rise in profit

Abu Dhabi - Arabstoday

Gulf Warehousing company (GWC) has reported a 31% rise in its January-September net profit to QR60.05mn mainly on robust revenue. Revenue gained 21% to QR355.4mn while direct costs were up 17% to QR249.74mn, leading to a 32% rise in gross profit to QR105.67mn, according to its financial statement filed with the Qatar Exchange. Staff costs rose 33% to QR20.79mn and general and administrative costs by 22% to QR14.4mn; whereas net impairment loss on trade receivables shrank 43% to QR1.02mn. The company’s operating profit rose 33% to QR64.47mn. Finance income shrank 84% to QR0.25mn while finance costs surged 41% to QR6.18mn. Total assets were valued at QR1.46bn comprising current assets of QR0.33bn and non-current assets of QR1.13bn. Total equity stood at QR685.86mn on a capital base of QR396.34mn and earnings-per-share was QR1.52 at the end of September 30, 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gwc reports 31 rise in profit Arab Today, arab today gwc reports 31 rise in profit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gwc reports 31 rise in profit Arab Today, arab today gwc reports 31 rise in profit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday