Kuwait's Agility says Q2 net profit up 11 pct

Kuwait's Agility reported an 11 percent rise in second-quarter net profit

  
Kuwaiti investor points to computer screen on trading floor of Kuwait Stock Exchange. Image for illustrative purposes.

Kuwaiti investor points to computer screen on trading floor of Kuwait Stock Exchange. Image for illustrative purposes.

REUTERS/Stephanie McGehee
DUBAI, Aug 7 (Reuters) - Kuwait's Agility AGLT.KW , one of the largest Gulf logistics companies, reported an 11 percent rise in second-quarter net profit on Sunday.

The firm's net profit in the three months to June 30 was 15 million dinars ($50 million), compared with 14 million dinars in the same period a year earlier, it said in a bourse filing.

SICO Bahrain had forecast Agility would make a quarterly profit of 13.7 million dinars.

Quarterly revenue was 309 million dinars, down from 328 million dinars a year earlier.

On June 23, Agility said it was in preliminary talks about potentially investing in construction firm Kharafi National, adding it was reviewing all possible investment opportunities in the Kuwaiti company. 

($1 = 0.3016 Kuwaiti dinars)

(Reporting By Noah Browning; Writing by Tom Arnold; Editing by Alexandra Hudson) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))

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