Agility, a global logistics provider, today announced its financial results for the second quarter of 2012, reporting a net profit of 7.8 million Kuwaiti Dinars for the quarter, on revenues of KD 348.8 million. For the year-ago period, Agility had reported a net profit of KD 7.8 million, on revenues of KD 330.6 million.
“We started 2012 off on the right track, and our mid-year results show that both our internal transformation and business development efforts are paying off,” said Tarek Sultan, Agility’s Chairman and Managing Director. “EBITDA adjusted for one-off impacts shows a 63% improvement relative to the same period last year.”
“Although we feel the effects of the broader slowdown in the economy, we continue to improve our operational performance during these challenging times. We are making good progress in our efforts to transform our business through technology, improved financial discipline, and focus on under-performing entities. We have also seen strong sales growth in emerging and challenging environments. For example, our scope of work to support the world’s largest natural gas project in Western Australia has grown substantially and is estimated at A$232 million over the next two years,” Sultan added.