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Agility posts 20% profit rise in Q3
Kuwait’s Agility, one of the largest logistics companies in the Gulf region, reported a 20.4 percent rise in third-quarter net profit.The logistics firm, which is facing U.S. fraud charges, said its net profit was 9.75 million dinars ($34.54 million) in the three months to Sept. 30, compared to 8.1 million in the same period a year ago.
Earnings per share were 9.81 fils compared to 8.04 fils a year earlier, it said.
Agility’s chairman said in September the company was gearing up for expansion in emerging markets, much of it in countries that experienced Arab Spring upheaval as new governments spend more on their oil industries and infrastructure. (Reuters)
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