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Kuwaiti Logistics Group Agility Q1 Net Profit Rises 11%

Kuwaiti Logistics Group Agility Q1 Net Profit Rises 11%

Agility made a profit of 11.24 million dinars ($40.04 million) in the first three months of 2014.

Kuwait’s Agility, the largest Gulf Arab logistics group, reported an 11 per cent rise in first-quarter net profit on Thursday as cost savings helped to offset lower revenues.

Agility made a profit of KD11.24 million ($40.04 million) in the first three months of 2014 compared with KD10.13 million in the same period a year ago, it said in a statement.

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