Agility's net profits dip 50% in 9M

SectorFinancial Markets

Mubasher: The net profits attributable to the equity holders of Agility Public Warehousing, listed on Boursa Kuwait and Dubai Financial Market (DFM), dipped by 50.4% to KWD 31.52 million ($103.54 million) in the first nine months of 2020 from KWD 63.57 million ($208.82 million) in the same period of 2019. The company's revenues decreased to KWD 1.168 billion in the January-September period of 2020 from KWD 1.175 billion in the year-ago period, according to the company's interim consolidated financial results for the period ended on 30 September 2020. The basic and diluted earnings per share (EPS) settled at 16.47 fils in the first nine months of 2020, compared to 33.22 fils in the corresponding period of 2019. During the third quarter (Q3) of more...