Agility today announced its financial results for the second quarter of 2016, reporting a net profit of KD 15 million, an increase of 11% compared to the second quarter of 2015. Earnings-per-share stood at 13.06 fils, and EBITDA stood at KD 29 million, a 12% increase compared to Q2 of 2015. Revenues were KD 309 million for the quarter.
“We started the year on a good note and are sustaining this momentum as the year progresses. Within our Global Integrated Logistics business, we are making gains even in the face of a challenging freight forwarding market because we have found ways to be more efficient, improve productivity, demonstrate financial discipline and make operations more responsive to the marketplace and customers’ needs,” said Tarek Sultan, Agility’s CEO. “Companies in the Agility Infrastructure group continue to grow as we tap into excellent opportunities in emerging markets and focus on improving efficiency across the board.” [Read more…]