{"id":83954,"date":"2025-01-23T00:00:00","date_gmt":"2025-01-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/"},"modified":"2025-01-23T00:00:00","modified_gmt":"2025-01-23T00:00:00","slug":"gwcs-bottom-line-drops-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/","title":{"rendered":"GWC\u2019s bottom line drops in 2024"},"content":{"rendered":"

Qatar-based logistics firm Gulf Warehousing Company (GWC)<\/strong> netted QAR 172 mn last <\/strong>year<\/strong>, leading the firm\u2019s bottom line to fall some 20% y-o-y from QAR 215 in 2023, according to a financial statement<\/a>. The warehousing and distribution company\u2019s topline rose 5.4% y-o-y to QAR 1.6 bn in 2024, up from QAR 1.5 bn<\/a>in 2023<\/a>, according to a press release<\/a>. The firm\u2019s BOD has recommended a 10% dividend payout at QAR 0.10 per share.<\/p>\n

What they said: <\/strong>\u201cExpansion is a key pillar of the company\u2019s growth strategy. In early 2024, GWC launched its FLAG subsidiary (100% owned company) Logistics Hub at Khazaen Economic City in Oman, further strengthening its footprint across the GCC,\u201d said acting CEO Matthew Kearns.<\/p>\n

A big year for GWC:<\/strong> GWC subsidiary Flag Logistics said in January 2024<\/a> that it will establish a 50k sqm logistics hub, dubbed Flag Oman, at Oman\u2019s Khazaen Economic City, providing specialized areas for various logistics services, including dry, ambient, chilled and frozen warehousing, bulk storage, records management, and marshaling areas. The firm inked an agreement with Bahrain-based GFH Financial Group to set up 200k sqm of Grade A logistics facilities in Saudi Arabia, including in Riyadh, Jeddah, and Dammam. Its subsidiary GWC Energy Services and Saudi Offshore Fabrication Company have also partnered to build 100k sqm Grade A logistics facilities in Saudi Arabia\u2019s Ras Al Khair Industrial Port.<\/p>\n","protected":false},"excerpt":{"rendered":"

The warehousing and distribution company\u2019s topline top rose 5.4% y-o-y to QAR 1.582 bn in 2024, up from QAR 1.5 bn in 2023<\/p>\n","protected":false},"author":1,"featured_media":83955,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[175],"tags":[174,153,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-qatar","tag-storage-warehouses","wpautop","entry"],"acf":{"mongo_id":"34fcd672-e071-4b76-84af-6c20039ea9a3","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2068.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GWC\u2019s bottom line drops in 2024","related_issue":[83936],"teaser":"The warehousing and distribution company\u2019s topline top rose 5.4% y-o-y to QAR 1.582 bn in 2024, up from QAR 1.5 bn in 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.a08cdb98-e95e-496b-b4ad-5c9f8b55cb92.mp3"},"yoast_head":"\nGWC\u2019s bottom line drops in 2024 - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GWC\u2019s bottom line drops in 2024\" \/>\n<meta property=\"og:description\" content=\"The warehousing and distribution company\u2019s topline top rose 5.4% y-o-y to QAR 1.582 bn in 2024, up from QAR 1.5 bn in 2023\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-23T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GWC\u2019s bottom line drops in 2024\",\"datePublished\":\"2025-01-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/\"},\"wordCount\":225,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EARNINGS WATCH\",\"Qatar\",\"STORAGE + WAREHOUSES\"],\"articleSection\":[\"Earnings Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/\",\"name\":\"GWC\u2019s bottom line drops in 2024 - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-01-23T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GWC\u2019s bottom line drops in 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GWC\u2019s bottom line drops in 2024 - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/","og_locale":"en_US","og_type":"article","og_title":"GWC\u2019s bottom line drops in 2024","og_description":"The warehousing and distribution company\u2019s topline top rose 5.4% y-o-y to QAR 1.582 bn in 2024, up from QAR 1.5 bn in 2023","og_url":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/","og_site_name":"Logistics","article_published_time":"2025-01-23T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"GWC\u2019s bottom line drops in 2024","datePublished":"2025-01-23T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/"},"wordCount":225,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1","keywords":["EARNINGS WATCH","Qatar","STORAGE + WAREHOUSES"],"articleSection":["Earnings Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/","url":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/","name":"GWC\u2019s bottom line drops in 2024 - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1","datePublished":"2025-01-23T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/23\/gwcs-bottom-line-drops-in-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"GWC\u2019s bottom line drops in 2024"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/83954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=83954"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/83954\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/83936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/83955"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=83954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=83954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=83954"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=83954"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=83954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}