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FINANCIAL NEWS
Aramex Q4 profits up 11%
05 Feb 2011
(MENAFN) Aramex, the logistics provider, stated that net profit in fourth quarter increased by eleven percent compared to the same quarter in the previous year, and thus profits exceeded forecasts as net profit amounted to $15 million, reported Gulf News.
The UAE-based company that Net profit increased by eleven percent as well for the whole of 2010, year on year, amounting to $55.5 million. The company also witnessed a ten percent increase in revenues in the fourth quarter amounting to $157.9 million.
By the beginning of 2011, the company stated that its cash balance amounted to $151 million saying that with such a balance as well as low debts, more strategic development is possible in the near future.
The company’s CEO said that with market recovery from the global financial crisis, he expects more growth for the company in 2011.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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