Aramex, the Middle East-based express and freight transport group, has announced strong growth inprofits for the second quarter and first half of 2007.
In the quarter ending June 30, 2007, Aramex net profits climbed 36% to a record breaking AED33.5 million (EUR 6.6 million). Revenues soared 21% to AED 438 million (EUR 86.8 million), from AED361 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, fromAED 45.8 million for the same period last year. Revenues for the first six months of 2007also registered a very strong 39% growth, jumping to AED 837 million, from AED 600 million for thesame 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 coremarkets. All our products are enjoying double digit revenue growth in the Gulf and we havebeen winning key accounts in the region’s logistics sector.”
