Net profit at Kuwaiti logistics group Agility more than doubled in the fourth quarter of 2012 and the company said on Sunday its board had proposed a dividend of 30 per cent cash and five per cent bonus shares.
Agility made 9.65 million Kuwaiti dinars net profit in the three months to the end of December compared with 3.46 million dinars in the same period a year earlier, a Reuters calculation based on a full-year results statement showed. Its shares rose 3.5 per cent in early trade on the Kuwaiti bourse.
In 2012, earnings per share were 34.42 fils, compared with 26.94 fils in 2011, the statement released to the stock exchange said. There are 1,000 fils in the dinar.
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