BUSINESS

Kuwait Agility Says 2011 Net Pft Up 8% At KWD27.04 Mln

Kuwait-based Agility, the biggest logistics provider by market value in the Gulf, said it made a full-year 2011 net profit of 27.04 million Kuwaiti dinars ($97.71 million), up 8% from KWD25.108 million a year earlier.

Zawya Dow Jones News

April 1, 2012

Sunday, Apr 01, 2012

DUBAI (Zawya Dow Jones)--Kuwait-based Agility (AGLTY.KW), the biggest logistics provider by market value in the Persian Gulf, said Sunday it made a full-year 2011 net profit of 27.04 million Kuwaiti dinars ($97.71 million), up 8% from KWD25.108 million a year earlier.

Earnings per share amounted to 26.94 fils for the full year compared with an EPS of 24.92 fils in the year earlier period, the company said in a statement on the Dubai Financial market website, where it's cross listed.

Agility made a fourth quarter net profit of KWD3.5 million compared with a loss of KWD25.54 million in the corresponding period of 2010, according to Zawya Dow Jones calculations based on Zawya.com data.

The board has proposed a dividend of 30 fils per share.

-By Brinda Darasha, Dow Jones Newswires; +9714 446-1688; brinda.Darasha@dowjones.com

(END) Dow Jones Newswires

01-04-12 0539GMT