(MENAFN) Dubai-based Aramex posted a 12 percent increase in Q1 net profit, citing increase in all its areas.
Moreover, the firm made a net profit of USD 26.4mn in the cited quarter, compared to USD 23.57mn of 2015.
In addition, the firm income growth could have been as much as 18 percent had it not accounted for the one-time acquisition of assets.
However, though the firm finished Q1 strongly, it experienced slower growth at the end of the quarter.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.