Written by Elsa Baxter

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Kuwait’s Agility posts 52.5% drop in Q1 net profit

Gulf’s biggest logistics provider by market value records net profit of $60.72m.

By Elsa Baxter
CARGO NET: The logistics provider posted a net profit of $60.72m in the first three months of the year. (Getty Images)
CARGO NET: The logistics provider posted a net profit of $60.72m in the first three months of the year. (Getty Images)

Kuwait’s Agility, the Gulf’s biggest logistics provider by market value, posted a 52.5 percent fall in first-quarter net profit.

Net profit in the three months to March 31 was 17.59 million dinars ($60.72 million), after 37 million dinars of net profit in the same period a year earlier, Agility said in a statement on the Kuwaiti bourse website on Sunday. (Reuters)

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