Tuesday , December 10 2019

Agility Q2 profit up 8.1%

KUWAIT / Emirates Business

Agility, a leading global logistics provider, on Tuesday reported second-quarter earnings of 12.99 fils per share on net profit of KD 21.6 million ($71 million), an increase of 8.1 percent over the same period in 2018. Q2 EBITDA grew 31.2percent to KD 48.6 million, and revenue increased 3.2percent to KD 396.3 million.
First-half earnings of 25.18 fils per share and net profit of KD 41.9 million ($137.8 million) were up 7.7 percent. First-half EBITDA was KD 95 million, an increase of 27percent. Revenue for the first half was KD 775 million, an increase of 2.5percent.
Global Integrated Logistics achieved EBITDA growth of 7 percent (excluding IFRS 16 impact) despite higher operating expenses related to new facilities and higher staff costs for operations and
commercial requirements.

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