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Agility's net profits hike 2,251% in 2021

Agility's net profits hike 2,251% in 2021
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Agility
AGLTY
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Mubasher: The net profits attributable to the equity holders of Agility Public Warehousing surged by 2,250.9% to KWD 977.42 million in 2021, compared to KWD 41.57 million in the previous year.

The company generated revenues of KWD 486.15 million in 2021, up from KWD 398.07 million in 2020, according to a bourse filing on Sunday.

The basic and diluted earnings per share (EPS) stood at 464.36 fils last year, versus 19.76 fils in 2020.

It is noteworthy to mention that during the first nine months (9M) of 2021, Agility registered a 3,002.7% increase in net profits to KWD 978.1 million from KWD 31.5 million in the year-ago period.