Agility reports $41.89m Q1 net profit
KUWAIT, 4 hours, 40 minutes
ago
Agility, a leading global logistics provider, has reported its first quarter 2021 earnings of 6.01 fils per share on net profit of KD12.6 million ($41.89 million), an increase of 28.7% over the same period in 2020.
Tarek Sultan, Agility Vice Chairman and CEO, said: “Agility started 2021 on a good note. Agility’s Global Integrated Logistics business performed well, with favourable market conditions as well as cost controls playing an important role. Agility’s Infrastructure companies overall are showing strong signs of recovery from the effects of the global pandemic. These Infrastructure businesses contributed an average of 80% of Agility’s EBIT over the past 5 years.”