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Sun 13 Nov 2016 09:54 AM

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Kuwaiti logistics firm Agility says Q3 net profit up 11%

Quarterly revenue was $1 billion, down 7 percent from a year earlier.

Kuwaiti logistics firm Agility says Q3 net profit up 11%

Kuwait's Agility, one of the largest Gulf logistics companies, reported an 11 percent rise in third-quarter net profit on Thursday.

Net profit in the three months to Sept. 30 was 15.2 million dinars ($50.1 million), compared with 13.7 million dinars in the same period a year earlier, it said in an emailed statement.

SICO Bahrain had forecast Agility would make a quarterly profit of 15.1 million dinars.

Quarterly revenue was $1 billion (312 million dinars), down 7 percent from a year earlier.

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