Agility

Agility’s first quarter profit plummets

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Kuwait-based global logistics company, Agility has reported a drop in first quarter net profit by 52 per cent from a year ago to KD17.5 million (US$60.1 million) and warned future earnings will suffer from the loss of US military contracts in the wake of fraud charges. Revenues during the period fell 14.4 per cent to KD403 million as compared to the previous quarter. Agility, which has been accused of over-charging the US military during nearly a two-year period under contracts to supply US$8.5 … [Read more...] about Agility’s first quarter profit plummets

Agility's first quarter profit plummets

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Kuwait-based global logistics company, Agility has reported a drop in first quarter net profit by 52 per cent from a year ago to KD17.5 million (US$60.1 million) and warned future earnings will suffer from the loss of US military contracts in the wake of fraud charges. Revenues during the period fell 14.4 per cent to KD403 million as compared to the previous quarter. Agility, which has been accused of over-charging the US military during nearly a two-year period under contracts to supply US$8.5 … [Read more...] about Agility's first quarter profit plummets

Agility attains TAPA cert for two facilities

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Agility has announced that two of its Malaysian facilities, including a logistics hub facility within its first year of operations, have attained Transported Asset Protection Association (TAPA) certification. The logistics hub facility in Bukit Jelutong, Shah Alam and the Finished Goods Hub for Hi-Tech Operations in the Sungai Way Free Industrial Zone in Petaling Jaya attained a warehouse classification level A. … [Read more...] about Agility attains TAPA cert for two facilities

Agility wins major logistics contract from RasGas

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Integrated logistics solutions provider Agility, has been awarded a major new contract in Qatar by RasGas, the country’s key liquefied natural gas (LNG) enterprise. The scope of the multi-million dollar contract comprises global freight forwarding, transportation and customs clearance for a period of four years, both locally and around the world. “Qatar is crucially important to the growth of Agility in the region and this deal represents an important milestone in our … [Read more...] about Agility wins major logistics contract from RasGas

H1 revenue falls for Agility, net profit up 3%

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Agility continues to report rising profitability for the first half of 2009, despite the ongoing global economic recession. For the first half of the 2009 fiscal year, Agility saw its revenues decline nine per cent to KWD 821.0 million (US$2.87 billion) compared with the same period a year earlier, but net profit rose three per cent to KWD 74.9 million. “Despite being faced with reduced volumes in freight forwarding since the start of the economic downturn, I believe that our strong … [Read more...] about H1 revenue falls for Agility, net profit up 3%

Agility opens new Malaysian logistics hub

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Agility has opened a logistics hub close to Kuala Lumpur, boosting the company’s total warehousing capacity in Malaysia to over 34,000 sq. m. The new 13,000 sq. m. facility in Bukit Jelutong, Shah Alam has 12 loading docks and 14,000 pallet positions and dedicated areas for pick and pack, kitting to line operations, consolidation and deconsolidation, cross docking, RMA programs, and reverse logistics. The new facility also includes an office facility of close to 3,000 sq. m, which … [Read more...] about Agility opens new Malaysian logistics hub