Agility Announces Financial Results for Q3 2012

Agility (AGLTY), a leading global logistics provider, today announced its financial results for Q3 2012. The company reported a net profit of KD 9.75 million and earnings per share (EPS) of 9.81 fils. Compared to the Q3 2011 net profit of KD 8.05 million and EPS of 8.04 fils, this is an increase of 21% and 22% respectively. Excluding one-off items in Q3 2011, EBITDA increased 65% compared to the same period last year.

“The third quarter demonstrated that our efforts to transform the company into a more lean and efficient organization are paying off,” said Tarek Sultan, Chairman and Managing Director of Agility. “Even during these tough economic times, we managed to grow revenue and net profit. The company will continue to stay focused and disciplined in order to complete the transformation that we will leverage for future growth.” Read more.