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00:00The operating costs put pressure on the annual profits of the Kuwaiti company Agility Global,
00:07which is the main source of the company's financial data,
00:11and how these costs have put pressure on the results of 2023.
00:16As for the profits, which declined by 19% to $50 million,
00:23from $63 million in 2022.
00:31But what are the reasons for these declines in general?
00:35The first reason is the increase in operating costs by about 115%
00:41at $1.7 billion,
00:45in addition to the direct cost of 37%
00:50to $1.67 billion.
00:54But what about the revenues and how they were distributed in general?
00:58The revenues of Agility Global grew by 67%
01:03at $3.9 billion,
01:07compared to $2.3 billion in 2022.
01:13But how were these revenues distributed to different sectors
01:17that this company is active in?
01:19Initially, the airport service accounted for 55% of the revenues.
01:24Logistics services accounted for 28% of the total revenues.
01:29Renting was 2%.
01:31While other sectors contributed 15%.
01:36But this company, as we know,
01:38decided on May 2 to be a new beneficiary of Abu Dhabi's stock market
01:44after it offered more than $10.4 billion.
01:49But at the end of 2023, Agility Global's revenues declined
01:55due to an increase in operating costs.