AlphaMena Corporate Services - ARAMEX (ARMX) Lower quarter Net profit on incentive scheme provisions

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AlphaMena Corporate Services

Salma KHARBACHI

EUR 236.14 For Business Accounts Only

Lower quarter Net profit on incentive scheme provisions

The logistics and transportation firm, Aramex, announced a 7% increase in Q1 2017 revenues to AED1.106bn compared to AED1.03bn a year ago. However, its Q1 2017 net profits decreased by 5% to AED91.8m, down from AED96.9m a year ago.

04/05/2017 2 EN

Underlying

ARAMEX

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AEA002301017 Dubai Financial Market United Arab Emirates

Provider

AlphaMena Corporate Services

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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Analysts

Salma KHARBACHI

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