FINANCIAL NEWS

Kuwait’s Agility posts 21.8% rise in Q4 profit

12 Apr 2010

(MENAFN) Logistics group Agility said that its fourth quarter net profit soared to $141.7 million, a 21.8 percent rise over the $116.46 million in the year-earlier corresponding period, TradeArabia reported.

The company’s Chairman, Tarek Sultan, said that Agility concluded solid performance despite the economic turmoil through the year. He also recommended distributing cash dividends of 40 percent of par value $138.65 cents per share.

The Kuwait-based firm said that its fourth quarter revenues grew to by 1.5 percent to $1.631 billion compared to the corresponding period in 2008. The company’s earnings per share (EPS) reached $140.72 cents, which is a 20.8 increase over the same period in 2008.

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