Sunday 3 April 2011

US court dismisses indictment against Agility DGS Holdings

An indictment against Agility DGS Holdings Inc, a US affiliate of Agility, has been dismissed without prejudice by a US District Court in Atlanta. Agility and one of its Kuwait affiliates, remain the subjects of a legal action by the US Department of Justice.

Meanwhile, the Board of Directors met and approved a dividend distribution of 40% (40 fils per share) for the year ending 2010.

Agility also reported a net profit of KD 25.11 million and 24.92 fils earnings per share for the full year 2010 which included net non operating adjustment of KD 20.33 million. The adjusted net profit stood at KD 45.44 million for the full year 2010.

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