News / Agility making gains and seeing the profits, despite revenue decline

Kuwait 3PL Agility Logistics recorded marginally increased profitability in the second quarter, despite seeing diminishing revenues.

Revenue of KD309m (US$1.024bn) represented a 6% decline on the KD328m posted in the second quarter of 2015.

However, earnings before interest, tax, depreciation and amortisation grew 12% to 12% to reach KD29m, compared with KD26m in same period last year, while net profit grew 11% year on year to KD15m.

Agility chief executive Tarek Sultan said: “We started the year on a good note and are sustaining momentum as the ...