The financial statements of Agility Public Warehousing Company, listed on the Kuwait and Dubai Stock Exchanges, showed that the company's profits fell by 52.1% year-on-year in the past year.
According to the company's results for the Kuwaiti Stock Exchange, today, Monday, last year's profits amounted to 41.577 million dinars ($ 137.81 million), compared to 2019's profits of 86.759 million dinars (287.56) Million dollars).
The company said in a statement to the Stock Exchange that the decline in profits during the comparative years is mainly due to the negative impact of the Corona pandemic on some sectors of the company, in addition to recording a loss of 28 million dinars. Against the land of Amghara.
The company achieved profits of 10.054 million dinars in the fourth quarter of last year, compared to profits of 23.185 million dinars for the same period in 2019, a decrease of 56.6%. / p>
The total operating income of the company increased last year by 2.7%, to reach 1.621 billion dinars, compared with 1.579 billion dinars in 2019.
The total equity of the company's shareholders in the past year was approximately 1.143 billion dinars, compared to 1.100 billion dinars in 2019, an increase of 3.9%.
The company's board of directors recommended, in its meeting that took place yesterday, Sunday, to distribute cash dividends for the past year at 10% of the nominal value of the share at 10 fils per share.
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The Board of Directors also recommended distributing bonus shares for the past year at 10% of the capital by 10 shares for every 100 shares, noting that the recommendation is subject to the general approval of the company and the authorities Competent.
Agility's profits were down 50.4% in the first nine months of last year; To reach 31.523 million dinars, compared to a profit of 63.574 million dinars for the same period of 2019.
