Kuwait's Agility, one of the largest logistics companies in the Middle East and North Africa, more than doubled its third quarter net income as revenue from contracts climbed.
Net profit attributable to owners of the parent company for the three months to the end of September rose to 28.05 million Kuwaiti dinars ($91 million), the company said in a filing to the Dubai Financial Market, where its shares are traded.
Revenue from contracts with customers by the end of September rose to 360.79 million dinars up from the 256.32 million dinars recorded for the same period a year earlier.
Quarterly net revenue rose more than 46 per cent on an annual basis to 212.83 million dinars, the company said.
Costs during the third quarter increased, with salaries and employees’ benefits up by more than 66 per cent to 118.29 million dinars, while the finance cost for the period more than doubled to 18.62 million dinars.
In recent quarters, Agility has expanded its footprint and global reach through acquisitions as it looks to secure more customer contracts amid a slowing global economy.
It aims to acquire companies that could complement its operations and expansion in the region and beyond.
In March last year, Agility acquired a 51 per cent stake in UK-based HG Storage International for 65 million dinars in a deal aimed at expanding its global portfolio. HG Storage International, a joint venture between HNA Group and Glencore Group, was acquired by Agility’s UAE subsidiary Tristar.
Agility also acquired UK-based aviation services company John Menzies for £763 million ($921.5 million) in August last year, merging its subsidiary National Aviation Services with the firm to create the world’s biggest aviation services provider.
The company’s net profit and revenue during the first nine months of the year also improved.
Net income for the period rose by 39 per cent year on year to 57.53 million dinars, while revenue almost doubled to 1.01 billion dinars.
Agility's assets stood at 3.67 billion dinars as of September 30, the company said.
Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Kill%20Bill%20Volume%201
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Quentin%20Tarantino%3Cbr%3E%3Cstrong%3EStars%3C%2Fstrong%3E%3A%20Uma%20Thurman%2C%20David%20Carradine%20and%20Michael%20Madsen%3Cbr%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%204.5%2F5%3C%2Fp%3E%0A
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
The years Ramadan fell in May
