Kuwait – Mubasher: Agility Public Warehousing Company’s long-term is aiming to achieve a profit before interest, tax, depreciation and amortisation of $800 million by 2020, CEO Tarek Sultan said Sunday.
Agility’s net cash flow from operating activities rose in 2015 by 68% year-on-year to KWD 105 million ($347.65 million). Free cash flow also increased by KWD 6 million ($19.87 million) to KWD 31 million ($102.6 million).
Meanwhile, its commercial arm Agility Global Integrated Logistics saw a decline in revenues last year by 6% y/y to KWD 997 million ($3.3 billion).
Agility, listed in the Kuwaiti and Dubai bourses, posted today a net profit of KWD 53.39 million ($176.77 million) for 2015, a growth of 5% from KWD 50.84 million ($168.33 million) in 2014.
Agility’s stock made the highest liquidity in today’s session with KWD 1.9 million ($6.29 million), falling 3% at close.
