Agility's net profit for the third quarter skyrockets to $37 million.
by Web Administrator
Nov 13, 2024 15:30
Agility Global reported a significant increase in net profit, reaching $37.1 million in Q3 2024, compared to $0.8 million in the same period last year. Revenue grew by 16% to $1.2 billion. For the first nine months, net profit totaled $97.4 million, with a 13% revenue increase to $3.3 billion. Key growth drivers included Menzies, Tristar, and Agility Logistics Parks, particularly in Europe, Asia, and Saudi Arabia. Agility also noted a rise in the value of its investment in DSV, which is set to become the world's largest freight forwarder following its acquisition of Schenker.