November 14 - Global logistics provider Agility reports a net profit of KWD9.75 million (USD3.5 million) for the third quarter of 2012. Compared to a net profit of KWD8.05 million (USD2.9 million) in the same quarter of 2011, this is an increase of 21 per
"The third quarter demonstrated that our efforts to transform the company into a more lean and efficient organisation are paying off," said Tarek Sultan, chairman and managing director of Agility. "Even during these tough economic times, we managed to grow revenue and net profit."
Revenue in Agility's core commercial logistics business, Global Integrated Logistics, increased by 4 percent in the third quarter of 2012 compared to the same quarter last year.
Agility's Infrastructure group, a portfolio of investments in niche markets with a presence in the Middle East, Asia, and Africa, continues to perform strongly, contributing KD66.9 million (USD23.7million) to total revenue in the quarter under review compared with KD42.7 million (USD15.1 million) during the same period in 2011.