(MENAFN- Kuwait News Agency (KUNA)) The Kuwaiti leading logistics group Agility announced its financial results Thursday for the first quarter of 2015, reporting a net profit of KD 11.8 million, an increase of 5 percent compared to the first quarter of 2014.
Earnings-per-share stand at 10.79 fils, revenues for the first quarter stand at KD 318.1 million, a 1 percent increase compared to the same period last year, while EBITDA stands at KD 23.4 million, a 4 percent increase compared to Q1 of 2014, Agility CEO Tarek Sultan, said in a press statement.
Revenue for Agility Global Integrated Logistics (GIL) for the first quarter of 2015 was KD 248.0 million, an increase of 2 percent compared to Q1 of 2014, Sultan added, noting that continued growth in contract logistics in emerging markets, coupled with improved yields in the airfreight business, resulted in a net revenue improvement of 1 percent, with margins expanding from 23 percent in Q1 2014 to 24 percent in Q1 2015.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.