{"id":78648,"date":"2024-05-20T00:00:00","date_gmt":"2024-05-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/20\/agility-bottomline-boosts-323-1-y-o-y-to-usd-30-5-mn-in-1q-2024\/"},"modified":"2024-05-20T00:00:00","modified_gmt":"2024-05-20T00:00:00","slug":"agility-bottomline-boosts-323-1-y-o-y-to-usd-30-5-mn-in-1q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/20\/agility-bottomline-boosts-323-1-y-o-y-to-usd-30-5-mn-in-1q-2024\/","title":{"rendered":"Agility bottomline boosts 323.1% y-o-y to USD 30.5 mn in 1Q 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Kuwaiti logistics outfit Agility saw its bottomline surge 323.1% y-o-y to USD <\/strong><strong>30.5 <\/strong><strong>mn in 1Q 2024,<\/strong> according to a Wednesday ADX disclosure (<a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1448.pdf\" style=\"\" rel=\"noopener\">pdf)<\/a>. The company also recorded a topline of USD 979.4 mn for the quarter, up 5.6% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown: <\/strong><\/p>\n<ul>\n<li>Agility\u2019s aviation unit \u2014 Menzies Aviation \u2014 saw revenues boost 14.4% y-o-y to USD 576.9 mn, on the back of boosted flight and cargo volumes due to the post-pandemic rebound in air transport. New contracts in South America and Europe, and a wider scope of operations in Iraq also contributed to better earnings.<\/li>\n<li>The outfit\u2019s fuel subsidiary Tristar saw a 8.4% fall in revenues for the period, due to ending contracts and vessel sales.<\/li>\n<li>Agility\u2019s warehousing subsidiary, Agility Logistics Parks (ALP), saw a 22% boost in revenues to USD 12.7 mn, on the back of greater demand for warehousing space in KSA.<\/li>\n<li>The book value of Agility\u2019s investments stood at USD 4.2 bn in 1Q 2024, with most of that value attributed to stakes in DNV and Reem Mall.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Agility <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/787d452c-0543-4155-83ba-081246c9e20a\/%253cmark%253eagility%253c%2Fmark%253e-gets-adx-green-light-for-direct-listing\" style=\"\" rel=\"noopener\">received approval<\/a> from the Abu Dhabi Securities Exchange (ADX) earlier this month to move forward with a technical listing of its operations and assets management unit, Agility Global, on the Abu Dhabi bourse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s revenues also inched up 5.6% to USD 979.4 mn<\/p>\n","protected":false},"author":1,"featured_media":78649,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[175],"tags":[235,174,160,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-agility-logistics","tag-earnings-watch","tag-kuwait","tag-uae","wpautop","entry"],"acf":{"mongo_id":"eda724f2-683c-4951-8455-45d9e722d534","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/628.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Agility bottomline boosts 323.1% y-o-y to USD 30.5 mn in 1Q 2024","related_issue":[78633],"teaser":"The company\u2019s revenues also inched up 5.6% to USD 979.4 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.ec8f47f6-e4a2-41f4-8854-83888d1be3ef.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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