Agility reports 24% rise in first-half profits

Another big 3PL has recorded a strong first half. Kuwait’s Agility reported a more-than-20% upturn in profitability. Gulf News reports that this came on the back of a 14% jump in revenue. As with many of its contemporaries, the company’s biggest success was in its air freight division, which saw Q2 revenue soar by some 21% year on year, with first-half growth just slightly lower, at 20%. Chief executive Tarek Sultan said these numbers were “in line” with expectations and with the previous growth trend the company has witnessed.