Agility Announces Financial Results for Q1 2012

Agility announced financial results for the first quarter of 2012. The company reported a net profit of KD 7.1 million for the first quarter of 2012, and Earnings Per Share (EPS) of 7.1 fils. Revenues and EBITDA stand at KD 321.8 million and KD 16.1 million respectively.

“2011 was the first year that we began reporting our numbers excluding defense and government contracts. Relative to this baseline, 2012 has started off on the right track,” said Tarek Sultan, Agility’s Chairman and Managing Director. “EBITDA adjusted for one-off impacts show a 41% improvement relative to the same period last year.”

“We are pushing forward with the initiatives already started last year – reinvigorating our focus on our customers, from global accounts to our SME business, continuing to push ahead with transforming our business and improving productivity through technology, completing some “fixes” to non-performing entities, and maintaining financial discipline, cost and cash management throughout the business,” said Sultan. Read more.