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Dual-listed Agility achieves jump in Q3, 9M net profits

Dual-listed Agility achieves jump in Q3, 9M net profits
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Agility
AGLTY
7.42% 666.00 46.00
Default Company
7204.B
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Mubasher: Agility, the Kuwaiti supply chain services provider that is listed on the Dubai Financial Market (DFM) and Boursa Kuwait, recorded a leap of 5,952.4% in net profits to KWD 926.9 million during the third quarter (Q3) of 2021 from KWD 15.3 million in Q3-20.

Revenues also increased year-on-year (YoY) by 27.7% to KWD 124.5 million in Q3-21 from KWD 97.5 million, according to the financial results on Sunday.

During the first nine months of 2021, Agility registered a 3,002.7% leap YoY in net profits to KWD 978.1 million from KWD 31.5 million.

Earnings per share stood at 464.67 fils at the end of September this year from 14.97 fils in the same period a year earlier.

Revenues grew 17.9% YoY to KWD 344.7 million in January-September 2021 from KWD 292.4 million.          

Agility’s Vice Chairman and CEO, Tarek Sultan, said: “Looking to the future, we are investing in high-growth markets, industries, and technologies.”