Airfreight helps drive profit improvement at Agility

Logistics firm Agility saw revenues and profits improve last year, while it has also confirmed that it has entered tie-up talks with Panalpina.The Kuwait-headquartered logistics firm saw revenues for 2018 increase by 10.2% year on year to KD1.5bn, while ebitda was up 14.5% to KD154.8mand net profits jumped 18.4% to KD81.1bn.looking at its business units, Agility Global Integrated Logistics’ (GIL) revenue grew 8.6% to KD1.1bn in 2018, driven by “strong growth across core products”, the company said. Performance was also boosted by improved airfreight yields and stable ocean freight yields.