Kuwait-based Agility has reported a 16.4 per cent rise in net profit for the first quarter 2009 over the same period last year despite the slowdown affecting the global economy. Net profit before non-recurring items was KD39.2 million (US$134.8 million). “Going forward, we are proceeding with extreme caution, and will continue to centre our efforts on aggressively managing cost and cash while driving performance. We also continue to scope out game changing opportunities for mergers and acquisitions,” Agility chairman and managing director Tarek Sultan said. First quarter net revenue margin increased to 37.9 per cent from 34.1 per cent compared to the same period last year, despite a decline in revenues by 8.1 per cent reaching KD407.4 million.
Related Articles
Lufthansa Cargo presents commitment to transforming the aviation industry
Lufthansa Cargo continues to rely on the cargo handling services of Vienna Airport
Vietjet Air Cargo, Teleport deepen partnership with exclusive commercial rights on first key lane
Budapest Airport Revolutionises Cargo Operations With Kale Info Solutions’ Airport Cargo Community System
RTX’s Pratt & Whitney announces GTF MRO capacity expansion at West Palm Beach facility
Qatar Airways Announces the Launch of Flights to Kinshasa, Democratic Republic of Congo