Kuwait's Agility Q1 profit rises 5 pct, in line with forecast

DUBAI-- Kuwait's Agility, one of the largest Gulf logistics companies, reported a 5 percent rise in first-quarter net profit on Sunday.
The firm's net profit in the three months to March 31 was 11.8 million dinars ($39.20 million), compared with 11.2 million dinars in the same period a year ago, it said in a bourse filing.
SICO Bahrain had forecast Agility would make a quarterly profit of 11.8 million dinars.
Quarterly operating revenue was 318.1 million dinars, up from 314.3 million dinars a year earlier.
($1 = 0.3011 Kuwaiti dinars)

REUTERS