Currency fluctuations are the hurdles
Aramex reported a 4% increase in Q2 2017 revenues to AED1.148bn, compared to AED1.105bn in Q2 2016. The company’s net profits in Q2 2017 decreased by 23% to AED97m, compared to AED125.7m in the corresponding period of the previous year. H1 2017 revenues increased, yoy, to AED2.254bn, up by 6%, compared to AED2.134bn in the first half of 2016. H1 2017 Net profits decreased to AED188.7m, down from AED222.5m in the first half of 2016, a yoy decrease of 15%.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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