Kuwait’s Agility Q3 net profit rises 8pc

13/11/2014 00:45 AST

Kuwait’s Agility, the largest Gulf Arab logistics group, posted an eight percent increase in third-quarter net profit yesterday, as earnings from its infrastructure operations offset declines in its core logistics business.

The firm made a profit of KD13.04m ($44.8m) in the three months to September 30, up from KD12.13m in the corresponding period of last year, it said in a statement. An analyst at SICO Bahrain forecast that the company would make a net profit in the period of KD13.7m.

Total revenue grew three percent year on year to KD337.1m, boosted by a 16 percent increase in its infrastructure division. This was helped by contract wins in the Ivory Coast and the United Kingdom.

“Agility Infrastructure companies posted strong results this quarter and are expected to continue to grow through investments in emerging markets,” chief executive Tarek Sultan said in the statement.


Reuters

News

Agility 2017 net profit surges 16pc to hit $228m

22/02/2018

Kuwait-based Agility, a leading global logistics provider, has reported a net profit of KD68.5 million ($228 million) for 2017, as against KD59.1 million in the previous year, marking an increase of

Trade Arabia

Agility eyes a bigger slice of Middle East's energy sector

09/02/2018

Agility, one of the region’s largest logistics firms, expects to win a larger share of oil and gas projects in Mena as governments ramp up spending to boost production, company executives said.
<

The National

Kuwait's Agility reports 17.4% third quarter profit rise

05/11/2017

Kuwait's Agility, one of top logistics firm in the Middle East, said its third quarter net profit climbed 17.4 per cent, driven by strong performance of global logistics business and companies includ

The National

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

AGLTY Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Top Related Companies

Ticker Price Change
IQCD 108.99 0.99 (0.91%)
QEWS 186.60 -1.50 (-0.80%)
MPHC 15.10 -0.17 (-1.12%)
ALBH 0.56 0.00 (0.00%)
AHCS 9.70 -0.01 (-0.11%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap