Agility Global Integrated Logistics (GIL) reported a 35.2% increase in third-quarter ebitda on the back of “significant cost reductions” and increased revenues in air freight and contract logistics.
Its third-quarter ebitda was recorded at KD18.5 m ($60.5m), while net revenue for the period was KD71.4m, representing 5.1% year-on-year growth. GIL gross revenue was KD305.7m, a 7.3% increase on same period in 2019.
However, the increases in air freight and contract logistics were …
The post Pandemic...
https://theloadstar.com/pandemic-takes-a-bite-out-of-agility-volumes-but-logistics-arm-profits-rise/