Agility today reported its profit in the second quarter of 2013 was 11.51 million Kuwaiti dinars (about US$40.3 million), jumping 50 percent from 7.66 million dinars in the second quarter of 2012.
The Kuwait-based logistics company’s quarterly revenue rose 2 percent, from 348.81 million dinars to 355.18 million dinars. Revenue from Agility’s core Global Integrated Logistics business reached 298.1 million dinars in the second quarter, up 1 percent year-over-year, while the infrastructure division contributed 59.1 million dinars in revenue, also up 1 percent.
“Agility remains on a healthy growth trajectory in spite of renewed uncertainty about the health of the global economy,” said Tarek Sultan, chairman and managing director of Agility, in a written statement. “Our core commercial logistics business continues to drive improvements in productivity and efficiency that have enabled it to weather slowing trade volume and weakness in key regions. At the same time, our infrastructure group of companies is generating solid growth.”