Aramex net profits surge 36%
Aramex (DFM: ARMX), the region’s leading total transportation solutions provider, announced today that 2007 second quarter net profits climbed 36% to a record breaking AED 33.5 million, compared to AED 24.6 million for the same period in 2006. Revenues soared 21% to AED 438 million, from AED 361 million for the same period last year.
The results pushed Aramex’s 2007 half-year net profits up by 39% to AED 63.4 million, from AED 45.8 million for the same period last year. Revenues for the first six months of 2007 also registered a very strong 39% growth, jumping to AED 837 million, from AED 600 million for the same period in 2006.
Commenting on the results, Fadi Ghandour, Aramex’s Founder and Chief Executive Officer, stressed that the company’s impressive performance “demonstrates our solid leadership in our core markets. All our products are enjoying double digit revenue growth in the Gulf and we have been winning key accounts in the region’s logistics sector.”