DUBAI, Feb 20 (Reuters) - Dubai's Aramex said on Monday that its board had recommended paying a cash dividend of 16 percent of the company's paid up capital for 2016.
The proposal is up from the 15 percent that it paid as dividend in 2015.
The company last month reported a 129 percent jump in fourth-quarter net profit as revenues in its international and domestic express units grew.
(Reporting By Tom Arnold; Editing by Sunil Nair) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The proposal is up from the 15 percent that it paid as dividend in 2015.
The company last month reported a 129 percent jump in fourth-quarter net profit as revenues in its international and domestic express units grew.
(Reporting By Tom Arnold; Editing by Sunil Nair) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
