Aramex seeks 10% bonus share payout

Logistics firm Aramex said its board has recommended a distribution of 10 per cent bonus share for 2009, according to a statement on the bourse website yesterday.

Aramex recently announced a net profit of Dh49.5 million for the fourth quarter of 2009.

Revenues for the Q4 of 2009 reached Dh524.8m, a five per cent increase over the Dh500.5m in revenues posted for the same period in 2008. The Q4 was the first quarter in 2009 with positive revenue growth, marking a bottoming out of the preceding revenue decline.

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