News / First quarter 'a good start' to the year, reports Agility Logistics

Agility Logistics today reported first-quarter pre-tax profits down 9% year on year, largely due to investments, including its digital transformation project.

The Kuwait-headquartered 3PL said ebitda for Agility Global Integrated Logistics (GIL) in the period was KD6.8m (US$22.3m) on revenues of KD275m, which represented a year-on-year decrease of 1.1%.

“GIL’s digital strategy involves the development of systems and technology that will improve productivity, differentiate its products, and position it as the industry’s leading innovator,” it said.

It said revenues had been affected by ...