News / Agility Logistics reports 30% rise in Q1 profits, in "very strong start" to 2018

As Agility Logistics reported bumper profits, its online freight booking platform ShipaFreight has claimed SMEs are turning to cross-border trade as a path to growth.

First quarter numbers from the Kuwait-based logistics operator showed a near 30% upturn in profits, which hit $62.4m (KD18.9m) on revenues of $1.2bn ? growing 16% year-on-year.

During an investor call held today, chief financial officer Ehab Aziz described the first three months of 2018 as a “very strong start”.

“All business units achieved strong growth, which came ...