News / Pandemic takes a bite out of Agility volumes, but logistics arm profits rise

A specialist team moves an Envirotainer at the EuroAirport in Basel, Switzerland, where Agility runs a Pharma Competence Centre

10/11/2020

Agility Global Integrated Logistics (GIL) reported a 35.2% increase in third-quarter ebitda on the back of “significant cost reductions” and increased revenues in air freight and contract logistics.

Its third-quarter ebitda was recorded at KD18.5 m ($60.5m), while net revenue for the period was KD71.4m, representing 5.1% year-on-year growth. GIL gross revenue was KD305.7m, a 7.3% increase on same period in 2019.

However, the increases in air freight and contract logistics were offset by revenue declines in ocean freight, its fairs & ...