ARAMEX

Address : 3841 Location :
Phone : 600 544 000
Email : boby.john@aramex.com
Zone : OUTSIDE
Activities :
Nature of Business :
Profiles
Aramex International |
| Aramex (DFM: ARMX), the global logistics and transportation solutions provider, today announced its financial results for the second quarter of 2012, reflecting continued strong results with healthy growth in revenues and net profits.
The company’s revenues in the second quarter of 2012 increased to AED 782 million, up 21% compared to AED 648 million in the same period of 2011, and the net profits rose to AED 64.4 million, up from AED 56.5 million in the second quarter of 2011, representing an increase of 14%.
Total revenues for the first half of 2012 grew by 23% to AED 1,528 million from AED 1,243 million in the first half of 2011 and the net profits increased to reach AED 125 million, a growth of 18% over the AED 106 million achieved in the first six months of 2011.
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| “Despite the slowdown in the global economy, we continue to deliver strong results. We are obviously very happy with our revenue and net profit growth across all services”, said Fadi Ghandour, Aramex’s Founder and CEO. “This is attributed to the very strong performance in the Gulf Cooperation Council (GCC) countries, whose economies continue to grow. Furthermore, our acquisitions in the past couple of years, in the emerging economies of South East Asia and Africa, continue to contribute significantly”.
Aramex’s operations in Egypt, one of its key global markets, continues to improve gradually since the beginning of the year, yet the outlook for the short to medium term remains unclear due to the economy’s vulnerability to the political conditions in the country, which was evident in the month of June following the presidential elections, as the company’s operations witnessed a significant slowdown.
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| Ghandour stated that the company is continuing its strategy to expand its global network through a number of acquisitions and greenfield operations in emerging growth markets in Africa, South East Asia and Central Asia, and he added, “While our strategic acquisitions in 2011 are bearing fruits with an increasing contribution to our global revenue, initial investments in our greenfield operations in Africa continue to weigh down on our immediate quarterly results and are expected to start contributing positively to our revenues by 2013. With that in mind, I am confident of our direction and performance for the rest of the year”. |
Products / Services
Land Freight |
| Aramex has one of the largest and most advanced land freight networks in Middle East, United Kingdom and Ireland. Modern truck fleets equipped with GPS-tracking technology, scheduled services and strategically-located terminal hubs, all combine to make Aramex land freight a smart and cost-effective shipping alternative. |
Air Freight |
| Aramex offers a global and cost effective solution to all of your air freight needs. Through a worldwide network spanning the four corners of the globe, our teams of cargo professionals provide global services and local expertise to ensure complete door-to-door transportation and smooth Customs clearance at all times. Our state-of-the-art technology and network of offices around the world allow total traceability and visibility of your shipments from the moment a job is booked until it is delivered at the final destination. |
Logistics |
| Supply Chain Management (SCM) is at the heart of your organization's operational efficiency. Our SCM teams are the experts at maximizing the efficient flow of your products from manufacturing right through to retailers and final customers. Our customized solutions have helped our clients reduce inventory costs, increase transaction speed, and improve sales by implementing customer requirements more efficiently. |
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