Mubasher: The net profits attributable to the equity holders of Agility Public Warehousing plunged by 52.1% to KWD 41.577 million in 2020, compared to KWD 86.759 million in 2019.

Lower profits are attributed to the coronavirus (COVID-19) impact on the company's operations and a loss of KWD 28 million recorded against Amghara land, according to the company's consolidated financial results for 2020.

The company generated revenues of KWD 1.62 billion last year, up from KWD 1.578 billion in 2019.

The basic and diluted earnings per share (EPS) settled at 21.73 fils in 2020, against 45.34 fils in the previous year.

It is noteworthy to mention that during the first nine months of 2020, the company's net profits dipped by 50.4% to KWD 31.52 million from KWD 63.57 million in the same period of 2019.