Aramex Q4 profit up 28%

Dubai-based logistics and transportation solutions provider Aramex has recorded a 28% increase in its Q4 net profit to Dhs49.5m, compared to Dhs38.8m a year earlier. "The fourth quarter was the first quarter in 2009 to witness positive revenue growth, marking a bottoming out of the preceding revenue decline," the company said. Armed with a cash balance of Dhs502m as of December 31, 2009, and 1.4% debt-to-equity ratio, the firm is set to follow its expansion plans this year.