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FINANCIAL NEWS
Kuwaiti Agility’s Q3 profit grows 20.4%
14 Nov 2012
(MENAFN) Kuwait’s Agility announced that net profit jumped 20.4 percent in the third quarter, reported Arabian Business.
The company, one of the biggest logistics firms in the Gulf region, added that profit reached USD34.54 million, compared with USD28.63 million in 2011’s same period.
The firm said in September that it plans to expand in emerging markets, mainly in countries that experienced Arab Spring unrest, since new governments would spend more on their oil industries and infrastructure.
It is worth noting that Agility is facing US fraud charges.
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