Kuwait's Agility, the logistics firm facing U.S. fraud charges, posted a 114-percent rise in fourth-quarter net profit compared with the same period in 2010, the firm said in a statement on Saturday.
Net profit in the three months to Dec. 31 came in at 3.5 million Kuwaiti dinars ($12.60 million) compared with a loss of 23.7 million dinars in Q4 2010.
Fourth-quarter revenues were 5 percent lower at 368.6 million dinars due to the loss of government contracting
business, Agility said.
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