Mubasher: Gulf Warehousing Company (GWC) on Sunday said that its net profits grew 5.1% to QAR 215.4 million in 2017, compared to QAR 205 million a year earlier.

By the end of 2017, the GWC’s earning per share amounted to QAR 3.68 from QAR 3.54 in 2016, according to a statement to the Qatar Stock Exchange (QSE).

Gross revenues rose 13.8% to QAR 966.9 at the end of 2017 from QAR 849.5 million in the corresponding period of 2016, GWC said in a report on its website.

Similarly, assets of Qatar’s leading logistics provider levelled up to QAR3.774 billion by the end of December 2017 from QAR 3.741 billion in the same period the previous year.

Moreover, the company’s profits rose 5.9% to QAR 58.14 million ($16 million) for the fourth quarter of 2017 versus QAR 54.89 million ($15.1 million) in Q4-16.

The board of the Qatar-based public shareholding company recommended a cash dividend distribution of QAR 1.70 per share for 2017, the data noted.