News / Improved airfreight yields give Agility GIL first-half results a lift

High airfreight yields helped Agility’s Global Integrated Logistics (GIL) business maintain first-half profit and revenue on par with 2019.

However, the Kuwait-based 3PL group also includes logistics parks, customs, liquid logistics and aviation services, which together saw net profit plunge 61% in the first half to KWD16.2m (US$52.9m).

But GIL, which includes air and ocean forwarding and contract logistics, recorded a 1.3% year-on-year ebitda increase to KWD28.8m.

“This was driven by strong contract logistics, project logistics, and air freight results, as well as ...