Logistics firm Aramex posted a 14-percent rise in quarterly profits on Wednesday, buoyed by its Gulf Arab region operations which offset weakness in Egypt where an uncertain political outlook has hampered its business.
Aramex, a favourite of regional fund managers, also said investment costs in new African operations had weighed on its quarterly results.
The Dubai-based firm had second-quarter net profit of 64.4 million dirhams ($17.53 million) for the period ended June 30, up from 56.5 million dirhams a year-ago.
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