Agility records profitable start

AIRFREIGHT services provider Agility Logistics has reported a net profit of KD 7.7 million (US$27.8 million) for the first quarter of 2011.

“We are acquiring new customers, expanding our business with existing customers, and transforming our operating platform to execute more efficiently,” Tarek Sultan, Agility’s chairman and managing director, said.

Revenue in the Kuwait-based company’s core business, Global Integrated Logistics (GIL), increased by 12.3 per cent in the first quarter relative to the same quarter last year.

The company’s investment in emerging markets in the Middle East, Asia, Eastern Europe and Latin America are helping to promote the company’s long-term growth strategy.

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