Aramex, the Dubai-based logistics firm, posted a 22 percent rise in first-quarter net profit on Tuesday, driven by higher revenues from the Gulf and contribution from its recent South African acquisition.
Aramex, a favourite of regional fund managers, made a first-quarter net profit of 61 million dirhams ($16.6 million), compared with 50 million dirhams for the same period last year.
Revenues rose 25 percent to 746 million dirhams, Aramex said in a bourse filing.
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