Aramex Q4 net profit rises 15%

Reuters: Dubai courier Aramex has reported a 15% rise in fourth-quarter net profit.

Aramex made profit of 65.7 million dirhams ($17.9 million) for the three months to 31 December, up from 57.2 million dirhams in the prior-year period, it said in a statement.

Aramex chief executive Hussein Hachem said he was cautious for 2013 due to ongoing instability in the Middle East and North Africa as well as uncertainties in the global economy.