Agility sees full-year 2011 profit up 8%

Agility, a leading global logistics provider, announced its full year financial results for 2011 with the Kuwait-based company posting an eight per cent rise in full year net profit for the year ending 31 December 2011 of KD 27 million (US$97.2 million).


Agility annual results Tarek Sultan


Agility, a leading global logistics provider, announced its full year financial results for 2011 with the Kuwait-based company posting an eight per cent rise in full year net profit for the year ending 31 December 2011 of  KD 27 million (US$97.2 million). Revenue and operating profit for 2011 were KD 1.33 billion and KD 19 million, respectively.

The company said it remains focused on growing profit through continued financial discipline and transformation of its operating platform with the adaptation of new technology that will increase efficiency. 

“Profits grew by 8 per cent in 2011 even though revenues fell as Agility discontinued defense and government business. We are a different company today than we were a year ago, and we consider 2011 a new financial baseline against which we will measure future performance,” said Tarek Sultan, Agility’s chairman and MD.