Kuwait’s Agility Q2 net profit up 12%

Kuwait’s Agility, one of the largest Gulf logistics companies, reported a 12% rise in second-quarter net profit on Saturday, driven by its infrastructure division.Net profit in the three months to end-June was 16.8mn Kuwaiti dinars ($55.75mn), compared with 15mn dinars a year earlier, it said in an emailed statement.SICO Bahrain had forecast Agility would make a quarterly profit of 15.86mn dinars.Agility said it expected lower legal fees following the settlement of a US court case and that this would be partially reflected in its third-quarter results, with the full impact of the reduction starting in the fourth quarter.