Home / Knowledge / News / Aramex delivers strong Q1 growth
Aramex delivers strong Q1 growth
24
Apr '08
Aramex one of the world's leading transportation solutions providers, announced its financial results for the first quarter of 2008, with yet another set of results highlighting the company's strong financial performance.

Revenues for the period ending March 31, 2008 rose 24% to AED 494.4 million, surging from AED 399.6 million posted in 2007. Meanwhile, net profits for the first quarter of 2008 rose by 21% to AED 36.2 million, from AED 29.9 million for the same period last year.

Despite challenges in the market, Aramex continues to reap the benefits of a successful expansion strategy that has helped boost productivity and sales across key product and service lines, as reflected in the company's healthy margins.

“Aramex's first quarter results are a strong indication that we are on the right track,” said Fadi Ghandour, Founder and CEO of Aramex.

“Our ability to leverage our infrastructure and supply chain capabilities across the region is paying off and these results are in-line with our expectations for the year ahead.”

Along with strong profitability for its freight and express product, the company has been pleased with the impressive growth of its logistics and records management services, which have witnessed 39% and 57% growth, respectively.

“We are still focusing on acquisitions and opportunities in key global markets such as Asia; however, we remain focused on our markets in the MENA region where strong economic growth continues,” added Ghandour.

Across Aramex's core Middle East market, performance in the Levant has improved notably, while rapid growth in the Kingdom of Saudi Arabia and excellent results in the UAE have made an unequivocal impact on the company's profitability.

Aramex


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search