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."
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Aramex net profits surge 36 per cent to AED 33.5 million
- United Arab Emirates: Tuesday, July 24 - 2007 at 14:04
- PRESS RELEASE
Aramex (DFM: ARMX), the region's leading total transportation solutions provider, announced today that 2007 second quarter net profits climbed 36 per cent to a record breaking AED 33.5 million, compared to AED 24.6 million for the same period in 2006.
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ARAMEX (PJSC) listed on the Dubai Financial Market (DFM: ARMX) - is the leading provider of total transportation solutions in the MENA region and South Asia, offering express delivery, freight forwarding and logistics solutions. Founded 25 years ago, ARAMEX employs more than 6,130 people in 240 offices spanning five continents and has a strong global alliance network offering worldwide presence.For further information, please contact:
Ashraf Al Shakaa
Public and Investor Relations Manager (GCC)
ARAMEX (PJSC)
P.O. Box 3294, Dubai, UAE
Tel: +971-4-211 8300
Fax +971-4-282 6397
Posted by Medilyn Manibo, Assistant News EditorTuesday, July 24 - 2007 at 14:04 UAE local time (GMT+4)
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