Aramex reports 22 percent rise in revenues for 2003

Published April 14th, 2004 - 02:00 GMT

Aramex International, a provider of transportation solutions in the Middle East and Indian Subcontinent, announced a record 2003 financial performance at its Annual Leaders Conference held in Jordan.  

 

Having recorded its highest ever growth during the financial year ending December 31, 2003 the company revenues rose to $166.8 million, reflecting a growth of 22 percent over 2002 revenues of $136.5 million. Net income rose to $10 million, up 151 percent from four million dollars in 2002.  

 

Aramex International offers express delivery, freight forwarding, and logistics solutions. Founded 21 years ago, Aramex employs over 2,800 employees in 134 offices spanning five continents. Aramex, now a privately owned company, was the first in the Arab World to be listed on the NASDAQ Stock Exchange. — (menareport.com) 

© 2004 Mena Report (www.menareport.com)


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