Agility sees 1H profit up 11% in sluggish markets

Agility has announced its financial results for the second quarter of 2014, reporting a net profit of KD 12.9 million (US$45.5 million), an increase of 12 per cent compared to the second quarter of 2013. Revenues for the second quarter stand at KD 341.7 million, a four per cent decrease compared to the same period last year. EBITDA stands at KD 25.1 million, a six per cent increase compared to Q2 of 2013.


Agility sees 1H profit up 11% in sluggish markets


Agility has announced its financial results for the second quarter of 2014, reporting a net profit of KD 12.9 million (US$45.5 million), an increase of 12 per cent compared to the second quarter of 2013. Revenues for the second quarter stand at KD 341.7 million, a four per cent decrease compared to the same period last year. EBITDA stands at KD 25.1 million, a six per cent increase compared to Q2 of 2013.

For the first half of the year, Agility reported a net profit of KD 24.1 million, an increase of 11 per cent compared to the first half of 2013. “Agility continues to improve its financial performance, increasing profitability by 12 per cent in the second quarter despite ongoing sluggishness in the global economy and in demand for logistics services,” said Tarek Sultan, CEO of Agility.

“GIL, our commercial logistics business, remains focused on the transformation of its operating platform, development of its sales and commercial strategy and increased cost discipline. Our Infrastructure portfolio of companies continue to be strong contributors, posting healthy growth once again.”