Sunday 3 April 2011

Kuwait's Agility in $88 mln Q4 loss, misses forecast | Reuters

Kuwait's Agility (AGLT.KW), the logistics firm facing U.S. fraud charges, posted a fourth-quarter net loss of 24.5 million dinars ($88.3 million), missing forecasts.

The loss in the three months to Dec 31 compared to a 40.9 million dinar profit in the year-earlier period, Agility said in a statement on Saturday.

Analysts had estimated an average net profit of 13.3 million dinars in a Reuters survey.

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