(MENAFN- Arab Times) Agility today held its Ordinary and Extra Ordinary General Assembly Meeting for the year ending 31st December 2014 with a quorum of 76.01%. The assembly has approved distribution of 5% bonus shares (5 shares for every 100 shares) and a 35% cash dividend (35 fils for every share) in addition to the other items of the agendas.
Speaking to the shareholders Tarek Sultan, Vice Chairman and CEO of Agility said "Agility has steadily grown its bottom-line profitability across its various business entities over the last three years. Agility will continue to drive margin expansion in its Global Integrated Logistics business by focusing on strengthening its operating platform, maintaining financial discipline, and focusing on high-growth markets, products, and verticals. We will also continue to grow our Infrastructure portfolio of companies, which are uniquely positioned to capture opportunities in niche segments in emerging markets. A key part of this growth will include accelerating our expansion on the African continent."
Agility reported a net profit of KD 50.84 million, or 46.40 fils per share for the full year 2014, an increase of 10% over the same period in 2013. Revenues for the year stand at KD 1.36 billion. EBITDA stands at KD 99.97 million, a 6% increase compared to FY 2013.
"Agility has grown steadily for the last few years. We will continue to maintain discipline and focus on the execution in our core logistics business and at the same time invest for the future on the Infrastructure side." highlighted Sultan.
"As always, we remain committed to delivering value for our shareholders and engaging responsibly with our communities. We would like thank our shareholders, stakeholders and employees for their continuous support." ended Sultan.
Agility brings efficiency to supply chains in some of the globe's most challenging environments, offering unmatched personal service, a global footprint and customized capabilities in developed and developing economies alike. Agility is one of the world's leading providers of integrated logistics. It is a publicly traded company with over $5 billion in revenue and more than 22,000 employees in 500 offices across 100 countries.
Agility's core commercial business, Global Integrated Logistics (GIL), provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility's Infrastructure group of companies manages industrial real estate and offers logistics-related services, including e-government customs optimization and consulting, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support.
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