Aramex Profit Surges 21%

Author: 
Arab News
Publication Date: 
Wed, 2008-04-23 03:00

DUBAI, 23 April 2008 — Dubai-listed logistics firm Aramex said yesterday net profit rose 21 percent in the first-quarter to 36.2 million dirhams ($9.86 million). Revenues of the largest Arab courier by market value climbed 24.2 percent to 494.4 million dirhams in the three months ended March 31, it said in a statement on the Dubai bourse website. The quarterly earnings came below the 39-million-dirham profit forecast of EFG-Hermes in a Reuters net profit survey last month.

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