Kuwait's Agility 2013 profit rises 37pc

March 24, 2014 - 11:36:02 am

KUWAIT: Kuwaiti company Agility, the largest logistics group in the Gulf Arab region, reported a 37 percent rise in full-year net profit on Monday, a stock exchange filing showed.

Net profit in 2013 was 46.2 million dinars or $164.1 million compared to 33.7 million dinars a year earlier. 

The company did not give a breakdown of earnings figures.

Agility's board recommended a cash dividend of 40 fils per share and 5 percent bonus shares, the filing said.

There are 1,000 fils to the dinar.

In the fourth quarter, the company signed two deals worth $200 million each covering periods of several years.

It reshuffled its management in January to comply with new company regulations in Kuwait. (Reuters)