12.8 million dinars, “Agility” net profit for the first quarter

Kuwait: «The Gulf»
Agility announced achieving net profits of 12.8 million Kuwaiti dinars, and earnings per share of 6.07 fils per share during the first quarter of 2022, an increase of 1% over the same period in 2021, which includes profits from discontinued operations.
Profits from continuing operations grew by 1.311%. EBITDA reached 34 million Kuwaiti dinars, an increase of 71.7%, while revenues amounted to 132.1 million Kuwaiti dinars, achieving an increase of 22.3%.
“We started the year well,” said Tariq Sultan, Vice Chairman of Agility. Our subsidiaries registered healthy growth compared to last year. Despite market challenges and geopolitical conditions, we expect our continuing operations to deliver a strong performance this year. We will continue to focus on accelerating the growth of these companies through our existing and new operations and our presentation to Menzies is a good example of our commitment to this. As for our investment sector, our stake in DSV represents our largest investment, as we believe in the long-term growth of this company and the shipping sector in general.”
Sultan added: “We will work to expand our investment portfolio during the next stage, with the aim of maximizing value for our shareholders. This is done by investing in companies operating in high-growth sectors with well-established components, reinforced by a management team with long experience and best governance practices in line with the company’s vision and values.”

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