Agility reports 12% Q3 earnings increase

Agility posted its results this morning, revealing a KD20m ($65.7m) third-quarter net profit, up 12.3% year-on-year. Revenues rose 10%, while for the first nine months, net profit was up 19.7% to KD58.9m.

Agility Global Integrated Logistics saw gross revenues rise to KD292.2m, up 7%, in the third quarter. Net revenue increases (+5.15%) were driven by air freight, up 15.6% and contract logistics, up 6.4%. Ocean freight net revenue was up 4.2%.

“We have seen double-digit ebitda growth in our logistics business and across ...