Dubai – Mubasher: Aramex posted a 129% year-on-year increase in its profits during the fourth quarter of 2016, according to a bourse statement.
Net profits reached AED 131.8 million ($35.88 million) in Q4-16, compared to AED 57.6 million ($15.68 million) in Q4-15.
Revenues went up 18% to AED 1.158 billion in Q4-16, compared to AED 982 million in Q4-15.
In 2016, profits grew 37% to AED 426.6 million from AED 311.3 million in 2015.
