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Super Group and Agility announce logistics Joint Venture

Super Group, a leading logistics and mobility group, announced that it has formed a joint venture in South Africa with Agility, a global integrated logistics provider. The new venture was formed after Agility acquired a minority stake in Super Group’s freight forwarding unit, Micor. Micor has been in a global strategic partnership with Agility since 2005. The new venture, SG Agility (Pty) Ltd, will offer local and multinational customers a range of logistics and supply chain solutions.

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Agility Expands Contract Logistics Footprint in Singapore

Agility, a leading global logistics provider, acquired a two-story warehouse close to Changi International Airport, giving it more than 600,000 square feet of warehouse space in total in Singapore. The newly acquired 177,000-square-foot warehouse is located in an area with access to an array of logistics services and two major expressways. Agility has operated in Singapore for more than 40 years and employs more than 400 people there. It owns four other warehouses in Singapore.

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Agility’s Earning Release for Full Year 2016

Agility, a leading global logistics provider, today announced its 2016 financial results, reporting a net profit of KD 59.1 million, or 51.3 fils per share, an increase of 10.6% over the same period in 2015. Revenue for the year stood at KD 1,234.0 million and EBITDA at KD 115.2 million. For the fourth quarter 2016, Agility reported a net profit of KD 15.7 million with an earnings-per-share of 13.6 fils, an increase of 9.7 % over the same period in 2015. EBITDA for the quarter stood at KD 31.4 million, an increase of 18.4% over last year.

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