Mubasher: Agility Public Warehousing’s profit grew by 7% year-on-year to KWD 86.8 million ($282.58 million) in 2019, compared to KWD 81.1 million ($264.02 million) in 2018.
Earnings per share (EPS) reached 52.14 fils per share last year, compared to 48.75 fils the year before, according to a statement released on Saturday.
Revenue increased by 1.8% to KWD 1.57 billion in 2019, from KWD 1.55 billion a year earlier.
Moreover, the Kuwait-listed company’s board recommended the distribution of 20 fils per share in cash dividends for the year 2019, in addition to the distribution of 10% of capital in bonus shares.
It is worth noting that agility’s net profit achieved KWD 62.57 million worth of profits during the nine-month period ended 30 September which was 7.9% higher than KWD 58.89 million in the corresponding period in 2018.