August 7 - Kuwait headquartered logistics services provider Agility has issued its financial results for second quarter of 2013.
Revenues for Q2 2013 rose by 2 percent year-on-year over Q2 2012 to KWD355.18 million (USD1.246 billion); net profit during the trading period surged by 50 percent to KWD11.51 million (USD40.41 million).
"Agility remains on a healthy growth trajectory in spite of renewed uncertainty about the health of the global economy," said Tarek Sultan, chairman and managing director of Agility.
"Our core commercial logistics business continues to drive improvements in productivity and efficiency that have enabled it to weather slowing trade volume and weakness in key regions. At the same time, our Infrastructure group of companies is generating solid growth," Sultan added
Agility's core Global Integrated Logistics business offers air, ocean and road freight forwarding, warehousing, distribution, and specialised services in project logistics, fairs and events, and chemicals.