Dubai: Logistics and transportation solutions provider Aramex yesterday said first quarter net profit rose 10 per cent to Dh47.5 million from Dh43.1 million in the corresponding period in 2009.
The company registered a net profit margin of 9 per cent as it continued to implement cost-management programmes, resulting in lower costs of services and the capping of expenses, a statement said.
Revenues showed growth in all key products across the company's operations in the first three months of this year, rising to Dh530 million, an increase of 14 per cent from Dh463 million in the same period of 2009.
"Our financial results for the period are in line with our expectations," said Fadi Gandour, founder and CEO of Aramex.
