Kuwait's Agility sees revenue rebound on emerging markets

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Agility Logistics this morning reported that, despite a 4% contraction in revenues for the last nine months, it saw a 1% increase in net revenues, year-on-year to KD287.3m ($986.8m), while net profit rose 10% to KD37.1m. For the third quarter, revenues rose 3%, resulting in a net profit up 8% to KD13m ($44.7m).

CEO Tarek Sultan explained that the core logistics business “saw revenues contract because of the wind-down of major project logistics contracts”. But he added: “At the same time, ...