Kuwait's logistics provider Agility posted a 4.9 percent fall in fourth-quarter net profit as a global financial crisis weighed, Reuters reported.
Full-year net profit fell to US$487.7 million, from $548.8 million.
Analysts at Global Investment House surveyed by Reuters in December expected fourth-quarter net profit of $104.9 million.
Agility missed its 2008 revenue target of $7 billion despite a 10 percent rise to $6.37 billion compared to 2007. |
