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 9 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. … [Read more...] about H1 revenue falls for Agility, but net profit up 3%
Agility
Agility wins contract for Oz gold mine
Agility Project Logistics Brisbane has announced an agreement with Lihir Gold Limited (LGL) to provide freight management services for Lihir’s Million Ounce Plant Upgrade (MOPU). The Lihir Gold Mine, LGL’s principle asset and one of the world’s largest gold reserves, is located in Papua New Guinea (PNG). LGL is a major global gold producer with operations in PNG, West Africa and Australia. The project material logistics, expected to be in excess of 50,000 … [Read more...] about Agility wins contract for Oz gold mine
Q1 profit for Agility despite downturn
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 global economic downturn. 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 … [Read more...] about Q1 profit for Agility despite downturn
Q1 profit for Agility amid declining logistics market
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 … [Read more...] about Q1 profit for Agility amid declining logistics market
Agility opens new Asia Pac HQ in Singapore
Agility has announced the establishment of its Asia Pacific headquarters in Singapore and unveiled an additional state-of-the art Regional Distribution Centre (RDC) in the city. The new regional HQ will consolidate many of the regional and global management teams for business units such as logistics, operations and transformation, fairs and events, IT, project logistics, chemicals, and oil and gas. The 14,500 square meter bonded distribution centre at Changi North has three floors designed for … [Read more...] about Agility opens new Asia Pac HQ in Singapore
Agility acquires Geopetrol in Canada
Agility, a leading global logistics provider, has announced the acquisition of Geopetrol International Limited, a top freight forwarding and logistics company specialising in the Canadian oil and gas market. Geopetrol’s range of services include all aspects of freight forwarding, including air, ground, sea freight, customs clearance, and warehousing. The company has a special focus on project logistics, including heavy lift and oversize cargo shipments, as well as other specialised … [Read more...] about Agility acquires Geopetrol in Canada
