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
12.8
1.65 14.8 (%)
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
Changing course: Flynas CEO Paul Byrne

Changing course: Flynas CEO Paul Byrne

For nearly a decade, Saudi Arabia’s second airline struggled...

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...

Most Popular
Most Discussed
sponsoredTracking