9M 2017 Profit drop on global currency fluctuations
Aramex announced a 13% increase in its Q3 net profits. The global logistics and transportation firm reported Q3 2017 profits of AED81.6m, up from AED72.2m in Q3 2016. Q3 2017 Revenues have also increased to AED1.1bn, up by 9% compared to last year’s Q3 2016. Excluding global currency fluctuations, especially the Egyptian Pound, Q3 revenues would have increased 11%. 9M 2017 revenues went up by 7% to AED3.397bn compared to the same period of the previous year.
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