* Aramex Q4 net profit of 57.2 million dirhams
* Quarterly revenue up 18 pct to 682 mln dirhams
* Uncertain 2012 outlook – CEO
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DUBAI, FEB 2 (Reuters) – Dubai’s Aramex on
Thursday warned of an uncertain outlook for the logistics firm
in 2012 due to unrest in the Middle East and worries over the
global economy, as it reported a 4 percent rise in quarterly
profit.
Aramex made a net profit of 57.2 million dirhams ($15.57
million) in the fourth quarter, up from 55 million dirhams in
the corresponding period in 2010, the company said in a
statement to the Dubai bourse.
Revenue for the quarter reached 682 million dirhams, up 18
percent from 580 million dirhams in the prior-year period.
Profit for the year also increased by 4 percent to 211.5
million dirhams.
Uncertainty remains over the outlook for 2012 in light of
sluggish global trade and instability in the Middle East, the
company’s chief executive Fadi Ghandour said in the statement.
“Our performance for this year is expected to maintain this
trajectory and we prefer to wait till the end of the first
quarter to reassess our outlook for the rest of the year,” he
added.
Continued…
