The Kuwait-based logistics provider said it had a profit of 7.1 million Kuwait dinar ($25.4 million) for the first quarter of 2012, 8 percent less than what it earned in the same 2011 period.
Revenue was 321.8 million Kuwait dinar, a 1 percent increase from the same 2011 period.
“2011 was the first year that we began reporting our numbers excluding defense and government contracts. Relative to this baseline, 2012 has started off on the right track,” said Tarek Sultan, Agility’s chairman and managing director, in a statement. EBITDA was 15.4 million Kuwait dinar, which Sultan said was a 41 percent improvement relative to the same period last year.
Agility reports lower 1Q profit
