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FINANCIAL NEWS
Aramex Dubai revenue grows to USD35.88mn
30 Jan 2017
(MENAFN) Dubai-based Aramex announced that it was cautious in its outlook due to global economic uncertainties after posting a 129pct jump in Q4 net profit.
Additionally, the firm’s net profit increased to USD35.88mn in the cited quarter, from 57.6mn dirhams in the year-ago period.
Accordingly, the company would make a quarterly net profit of 94.0mn dirhams and 77.5mn dirhams, respectively.
The firm stated that it had established a mutual venture e-commerce firm with Australia Post, in a move that could herald a new expansion drive by the firm.
MENAFN3001201700450000ID1095224648
MENAFN3001201700450000ID1095224648
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