Leading total transportation solutions provider Aramex (DFM: ARMX) today released financial results for 2007, reflecting what is considered to be the company’s best year yet.
For the year ending December 31, 2007, Aramex revenues rose from AED 1,364 million to AED 1,784 million, increasing by 31% over 2006, while net profits rose by 28% over the same period, from AED 95.2 million to AED 121.6 million.
Net profits for the fourth quarter went up by 20% to AED 32.1 million, from AED 26.8 million for the same period last year. Revenues for the period were further ahead at AED 495 million, 23% up on the AED 403 million for the same period in 2006. “We can confidently say that 2007 was Aramex’s best year ever. We grew in size, reach, capability, and reputation. And we did it in a thoughtful, measured, and sustainable manner that will enable us to continue leveraging our strengths as we move boldly into 2008,” said Fadi Ghandour, founder and CEO of Aramex.
Capitalizing on current outsourcing trends across the region, Aramex has been able to win major logistics contracts in 2007 by diversifying its offering through products and services that combine some of the most advanced technologies and innovative solutions on the market.
Key infrastructure investments across the Middle East have also enabled the company to grow its profitable logistics business, while strategic acquisitions in Singapore and Indonesia have extended the company’s reach across lucrative emerging markets.
Aramex’s aggressive global expansion under the direction of its regional CEO’s has helped the company solidify its leadership and presence across Europe, North America, GCC, Africa, Asia, and the Levant.
The successful integration of document management company Infofort was another key achievement for Aramex, which nurtured the growth and competitiveness of the new acquisition by aggressively expanding its operations across the Middle East.
Soon to move to a mega facility in Jebel Ali Free Zone, the transformed company has already reached 100% revenue growth, reflecting the success of its regional growth strategy.
Aramex also remained focused throughout the year on working through strategic alliances and acquisitions, successfully integrating freight forwarding specialist Two Way Vanguard in Europe and bringing the new acquisition into profitability.
Raising the bar for corporate social responsibility in the region, Aramex also became the first-ever Middle East-based organization to release a Sustainability Report and signed up as a member of the UN Global Compact Initiative, both of which have propelled the company to the highest international standards.
Aramex (PJSC) listed on the Dubai Financial Market (DFM: ARMX) - is the leading provider of total transportation solutions, offering express delivery, freight forwarding and logistics solutions. Founded 25 years ago, Aramex employs more than 6,500 people in 307 offices in 195 major cities and has a strong global alliance network offering worldwide presence.
