Author Archives: Agility Updates

Agility Reports 8.1% Q2 Earnings Increase

KUWAIT – August 13, 2019 – Agility, a leading global logistics provider, today reported second-quarter earnings of 12.99 fils per share on net profit of KD 21.6 million, an increase of 8.1% over the same period in 2018. Q2 EBITDA grew 31.2% to KD 48.6 million, and revenue increased 3.2% to KD 396.3 million.
First-half earnings […]

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U.S. Court Rules for Agility in KGL Defamation Case

Pennsylvania Court Affirms 2018 Ruling for Agility
KUWAIT – August 6, 2019 – A state court in the United States last week upheld a lower court ruling in favor of Agility in a case that arose after a whistleblower letter informed the U.S. government of business relationships that existed between KGL and state-owned Iranian entities.
The Pennsylvania […]

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Special Report: Shipping for Small & Medium-Sized Businesses

While SMEs expect their export revenues to grow in the next three years, almost all have faced difficulties…

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In the UK, Togo’s Gnassingbé makes case for investment

President Faure Gnassingbé of Togo was joined by former British prime minister Tony Blair on Thursday to talk economic development at the Togo-UK Investment Summit in London.
Gnassingbé made his pitch to investors while announcing a new deal for a logistics hub in Lomé, after meeting with CEO Geoffrey White of Agility Africa, right, and signing letters […]

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Agility’s Earnings Release Q1 2019

Agility Reports Earnings Increase of 7.3% for First Quarter 2019

Q1 2019
Reported
(Million KD)
Q1 2018
Reported
(Million KD)
Variance
(%)
Q1 2019
Excluding
IFRS16
(Million KD)
Q1 2018
Reported
(Million KD)
Variance
(%)

Revenue
378.8
371.8
1.9%
378.8
371.8
1.9%

Net Revenue
123.9
124.6
-0.6%
123.3
124.6
-1.1%

EBITDA
46.3
37.7
22.8%
39.3
37.7
4.1%

Net Profit
20.3
18.9
7.3%
20.8
18.9
10.2%

EPS (fils)
12.19
11.36
7.3%
12.52
11.36
10.2%

Figures in the table above have been rounded
Kuwait – May 12, 2019: Agility, a leading global logistics provider, today reported first quarter earnings of KD 20.3 million, or 12.2 fils per share,  an increase of […]

Posted in Agility General Update

Cummins Selects Agility Warehouse Park in Ghana for Regional DC

ACCRA, Ghana – May 16, 2018 – Agility, a leading global logistics provider, has leased warehouse space in the Agility Warehouse Park in Ghana to Cummins for a new West African Distribution Center.
Cummins, one of the world’s leading manufacturers of diesel engines, generators, filtration and associated engine components, will use the facility to stock and […]

Posted in Agility General Update, Press

Agility Egypt Activates Shipping Agent License

Agility Egypt is pleased to announce a range of new solutions to customers shipping from, to, or transiting in Egyptian ports. New shipping services include:

Vessel chartering for all types of cargo
Port call and protective agent covering all Egyptian ports
Fully authorized Shipping Agent
Handling and all husbandry services
Suez Canal transits agent services

For more information, please contact the […]

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Agility Launches New Online Forwarding Platform Shipa Freight™

Agility today announced Shipa Freight, the first fully integrated online freight service that allows users to get rate quotes and book, pay and track ocean and air shipments around the world. Shipa Freight provides instant, no-obligation rate quotes from the countries that account for 95% of global trade and allows users to manage their international shipments with […]

Posted in Agility General Update, Press

Agility is First Forwarder to Work with Maersk IBM on Blockchain Solution

 Logistics provider teams up to transform global, cross-border supply chain
BAAR, Switzerland – Feb. 6, 2018 – Agility, a leading global logistics provider, is the first freight forwarder to collaborate on a Maersk-IBM solution to provide more efficient and secure methods for conducting global trade by using blockchain technology to manage and track container shipments.
Agility has […]

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Agility’s Earnings Release for Full Year and Q4 2017

KUWAIT CITY – February 20, 2018

 
FY 2017
(Million KD)
FY 2016
(Million KD)
Variance
(%)
Q4 2017
(Million KD)
Q4 2016
(Million KD)
Variance
(%)

Revenue
1,407
1,234
14%
386
314.8
22.6%

Net Revenue
469.9
429.1
9.5%
125.7
112.4
12%

EBITDA
135.2
115.2
17.4%
37.6
31.4
19.8%

Net Profit
68.5
59.1
16%
19.3
15.7
22.5%

EPS (fils)
54.4
46.7
16.6%
15.3
12.5
23.1%

Figures in the table above have been rounded
Agility’s Financial Results for Full Year and Q4 2017
Agility, a leading global logistics provider, today announced its 2017 financial results, reporting a net profit of KD 68.5 million, or 54.4 fils per […]

Posted in Agility General Update