Sunday 14 August 2011

Kuwait's Agility Q2 earnings drop 57 per cent, beat views | Reuters

Kuwait's Agility (AGLT.KW), the logistics firm facing U.S. fraud charges, posted a 57 percent drop in second-quarter net profit, but still slightly beat forecasts.

Net profit in the three months to June 30 was 7.83 million dinars ($28.7 million), the company said in a statement, down from 18.09 million dinars a year earlier.

Two analysts had forecast in a Reuters survey that Agility's second-quarter earnings would fall to an average of 7.4 million dinars.

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