Agility Company achieved a net profit of 38.6 million Kuwaiti dinars during the second quarter of this year, an increase of 503.7%, equivalent to 18.32 fils per share, compared to the same period last year. Profits before interest and taxes amounted to 29.6 million Kuwaiti dinars, an increase of 202.6%, and revenues 112.2 million Kuwaiti dinars, an increase of 26.6%.
In the first half of the year, the company achieved net profits of 51.2 million Kuwaiti dinars, an increase of 215.9%, or 24.33 fils per share. Earnings before interest and taxes amounted to 40.1 million Kuwaiti dinars in the first half of the year, an increase of 39.6%, and revenues amounted to 220.2 million Kuwaiti dinars, an increase of 13%.
Tariq Sultan, Vice Chairman and CEO of Agility, said: “The results of the second quarter of the year were good, as all of our major companies achieved levels of growth and profitability equal to or exceeding pre-pandemic levels in 2019. We are proud of the way in which we were able to Responding and recovering from the challenges of the COVID-19 pandemic.
It is worth noting that Agility is in the process of completing the sale of the Global Integrated Logistics (GIL) activity to DSV Panalpina A/S for 19.3 million shares in DSV. Sultan added, “We see this transaction as a catalyst for the future growth of (Agility), and we will continue to grow our high-value business in emerging markets, as we will continue to invest in companies and technologies that will reshape global supply chains.”