
Kuwait’s Agility posts near-30% jump in first quarter profit10th May 2018 | published by EW SHARE
Kuwait-based logistics provider, Agility, has reported a Q1 net profit of KD18.9m (US$62.6m), up 29.8 per cent over Q1 last year, 8 May.
Revenue for the quarter reached KD371.8m, an increase of 16 percent over the same period in 2017, the company said in a statement, adding that EBITDA was KD37.7m, a rise of 22.6 per cent.
Agility also said it enjoys a healthy balance sheet with KD1.8bn in assets while its net debt position was KD83.5m as of 31 March.
Tarek Sultan (pictur...
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