Kuwait's Agility 2013 profit rises 37%

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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 ($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.

Related:
Companies

Market Performance

Agility - Kuwait
12.35
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
New era for Saudi Arabia's aviation sector

New era for Saudi Arabia's aviation sector

Saudi Arabia’s aviation market has been one of the most highly...

Emirates Engineering: maintaining the airline's growing fleet

Emirates Engineering: maintaining the airline's growing fleet

The backroom mechanics of any airline can be fascinating, not...

Arabian knight: Sir Maurice Flanagan's proud legacy as a founding figure of Emirates

Arabian knight: Sir Maurice Flanagan's proud legacy as a founding figure of Emirates

The late Sir Maurice Flanagan was one of the founding figures...

1
Most Discussed
sponsoredTracking