Agility

Agility reports $43 million net profit in Q1

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Agility today announced its financial results for the first quarter of 2016, reporting a net profit of KD13.1 million (US$43.45 million), an increase of 10.9 per cent compared with the first quarter of 2015. Revenue for the first quarter stood at KD 298.8 million, 6.1 per cent decrease versus the same period last year. “Agility started the year on a good note. Net profit improved 10.9 per cent, despite challenging market conditions in the Eurozone, China and the Middle East,” said Tarek … [Read more...] about Agility reports $43 million net profit in Q1

Logistics execs fear "economic shock" from China contagion

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Supply chain industry executives see a slowing China and fluctuating oil prices as the top threats to emerging markets growth in 2016 and are bracing for more volatility in the global economy. In a new survey of more than 1,100 global logistics and supply chain executives, respondents identified the possibility of an “economic shock” as the leading risk for the Asia-Pacific region, reflecting concern that a slowing China could have a ripple effect on the region. Seven of the 11 Asia-Pacific … [Read more...] about Logistics execs fear "economic shock" from China contagion

Logistics execs fear “economic shock” from China contagion

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Supply chain industry executives see a slowing China and fluctuating oil prices as the top threats to emerging markets growth in 2016 and are bracing for more volatility in the global economy. In a new survey of more than 1,100 global logistics and supply chain executives, respondents identified the possibility of an “economic shock” as the leading risk for the Asia-Pacific region, reflecting concern that a slowing China could have a ripple effect on the region. Seven of the 11 Asia-Pacific … [Read more...] about Logistics execs fear “economic shock” from China contagion

Agility opens pharma competence centre in Brazil

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Agility, a leading global logistics provider, has opened a Pharmaceutical Competence Centre in Sao Paulo, Brazil. The dedicated facility will offer pharma companies world-class solutions and industry know-how in pharmaceutical and life sciences logistics, the company said. The Agility Pharmaceutical Competence Center is managed by Agility experts trained in the benchmark Good Distribution Practice (GDP) standards developed by the World Health Organisation and European Union. Strict adherence … [Read more...] about Agility opens pharma competence centre in Brazil

“Mixed bag” growth for Agility

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Agility announced its financial results for the second quarter of 2015, reporting a net profit of KWD13.5 million (US$44.6 million), an increase of five per cent compared to the second quarter of 2014. EBITDA stands at KWD 25.5 million, a one per cent increase compared to Q2 of 2014. “The global logistics market is a mixed bag in terms of growth, with continued sluggishness in China and Europe; and ongoing pressure on rates,” said Tarek Sultan, Agility’s CEO. "In this environment, we are … [Read more...] about “Mixed bag” growth for Agility