Agility sees 11% rise in Q1 profit

Agility has announced its financial results for the first quarter of 2014, reporting a net profit of KD 11.24 million (US$40 million), an increase of 11 per cent compared to the first quarter of 2013.


Agility sees 11% rise in Q1 profit


Agility has announced its financial results for the first quarter of 2014, reporting a net profit of KD 11.24 million (US$40 million), an increase of 11 per cent compared to the first quarter of 2013. Revenues for the first quarter stand at KD 314.28 million, an 11 per cent decrease compared to the same period last year.

Revenue for Agility Global Integrated Logistics (GIL) for the first quarter of 2014 was KD 253.30 million, a decrease of 15 per cent from Q1 2013. The drop in revenue is attributable to several factors, including difficult market conditions that have led to rate deterioration despite volume increases. The drop was partially mitigated by better procurement in the freight business, which led to margin expansion from 21 per cent in Q1 2013 to 23 per cent in this quarter.