March 25 - For the full year ended December 31, 2013, Agility's net profits stood at KD46.2 million (USD164.1 million), which is an increase of 37 percent over the full year of 2012.
Revenue for Agility Global Integrated Logistics (GIL) for the full year 2013 was KD1.13 billion - a decrease of 4.5 percent from FY 2012. The decline was due to challenges in the freight forwarding industry, including difficult air freight conditions and falling ocean freight rates despite increased volumes, explained Agility.
Agility posted a net profit of KD12.4 million (USD44 million) for the fourth quarter of 2013 - an increase of 29 percent compared to the fourth quarter of 2012.
"Going into 2014, our strategic priorities remain clean and consistent," said Tarek Sultan, ceo of Agility. "We will continue to strengthen our sales channel strategy around global and strategic accounts and field sales, develop our trade lane programme, and further sharpen our growth strategy in our project logistics business."