Gulf Warehousing Reports Net Profit of QR 61.7 Million

Doha, January 12 (QNA) - Gulf Warehousing Company has disclosed the audited financial statements for the year ended December 31, 2011. The Audited financials revealed a net profit of QR 61.7 million in 2011 versus QR 51 million in 2010, the company said in a statement published on the (Qatar Exchange) website on Thursday. The Company s EPS amounted to QR 1.56 in 2011 compared to QR 2.04 in 2010. The board also recommends to the General assembly a cash dividend distribution of 15% of the nominal value of share capital 39.6 million shares. Gulf Warehousing Company is a public shareholding company established and listed on the Qatar Exchange in 2004. It is a leading logistics provider in Qatar providing warehousing, distribution, freight management, transport and specialized logistics services for retail and various other industry verticals. (QNA)