News / Profits and margins increase in 2013 as Agility focuses on boosting productivity

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Improvements in productivity combined with a new focus on building up its burgeoning infrastructure business helped Kuwaiti freight service provider Agility increase net profits last year, despite an overall decline in revenues.

The company, one of the largest Middle Eastern logistics concerns, saw group revenue decline 3% in 2013 to KWD1.37bn (US$4.88bn), while net profit soared 37% to KWD46.2m.

Freight forwarding and project logistics were the core of the group, bringing in KWD1,13bn,  4.5% less than in 2012, which it attributed to ...