Business, Forwarding, Freight News, Logistics

Agilty grows despite tough market

[ February 25, 2020   //   ]

Kuwait-based forwarder Agility reported 2019 net profit of KD 86.8 million, or 52.14 fils per share, up 7% from 2018. Revenue for the year reached KD 1,578.6 million and earnings before tax and depreciation were KD 193.1 million, increases of 1.8% and 24.7%, respectively. For the fourth quarter 2019, Agility reported a net profit of KD 23.2 million, or 13.93 fils per share, an increase of 4.4% over the same quarter in 2018.  Vice chairman and chief executive Tarek Sultan said that global trade tensions and financial market pressure in emerging markets all made for a challenging year.