{"id":7588,"date":"2012-02-02T13:38:27","date_gmt":"2012-02-02T11:38:27","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-dubais-aramex-q4-profit-up-warns-of-uncertain-outlook\/"},"modified":"2012-02-02T13:38:27","modified_gmt":"2012-02-02T11:38:27","slug":"update-1-dubais-aramex-q4-profit-up-warns-of-uncertain-outlook","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-dubais-aramex-q4-profit-up-warns-of-uncertain-outlook\/","title":{"rendered":"UPDATE 1-Dubai&#8217;s Aramex Q4 profit up; warns of uncertain outlook"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Aramex Q4 net profit of 57.2 million dirhams<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Quarterly revenue up 18 pct to 682 mln dirhams<\/p>\n<p><span><\/span><\/p>\n<p>* Uncertain 2012 outlook &#8211; CEO<\/p>\n<p> (Adds details)<\/p>\n<p><span><\/span><\/p>\n<p>DUBAI, FEB 2 (Reuters) &#8211; Dubai&#8217;s Aramex on<br \/>\nThursday warned of an uncertain outlook for the logistics firm<br \/>\nin 2012 due to unrest in the Middle East and worries over the<br \/>\nglobal economy, as it reported a 4 percent rise in quarterly<br \/>\nprofit.<\/p>\n<p><span><\/span><\/p>\n<p>Aramex made a net profit of 57.2 million dirhams ($15.57<br \/>\nmillion) in the fourth quarter, up from 55 million dirhams in<br \/>\nthe corresponding period in 2010, the company said in a<br \/>\nstatement to the Dubai bourse.<\/p>\n<p><span><\/span><\/p>\n<p>Revenue for the quarter reached 682 million dirhams, up 18<br \/>\npercent from 580 million dirhams in the prior-year period.<\/p>\n<p><span><\/span><\/p>\n<p>Profit for the year also increased by 4 percent to 211.5<br \/>\nmillion dirhams.<\/p>\n<p><span><\/span><\/p>\n<p>Uncertainty remains over the outlook for 2012 in light of<br \/>\nsluggish global trade and instability in the Middle East, the<br \/>\ncompany&#8217;s chief executive Fadi Ghandour said in the statement.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Our performance for this year is expected to maintain this<br \/>\ntrajectory and we prefer to wait till the end of the first<br \/>\nquarter to reassess our outlook for the rest of the year,&#8221; he<br \/>\nadded.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Aramex Q4 net profit of 57.2 million dirhams * Quarterly revenue up 18 pct to 682 mln dirhams * Uncertain 2012 outlook &#8211; CEO (Adds details) DUBAI, FEB 2 (Reuters) &#8211; Dubai&#8217;s Aramex on Thursday warned of an uncertain outlook for the logistics firm in 2012 due to unrest in the Middle East and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7588","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7588"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7588\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}