Aramex reports 14 % growth in net profits for First Quarter in 2013


Dubai, UAE; April 23rd, 2013: Aramex (DFM: ARMX), the global logistics and transportation solutions provider, today announced its financial results for the first quarter of 2013, registering healthy growth in net profits and revenues.

The company’s net profits in the first quarter of 2013 increased to AED 69.4 million, up 14% compared to AED 61 million in the corresponding period of 2012, and the revenues rose to AED 810 million, up from AED 745 million in the first quarter of 2012, representing an increase of 9%.

“Our performance in the first quarter of 2013 was very much on target, with continued strong performance in key markets, resulting in healthy growth in revenues and net profits,” said Hussein Hachem, Aramex’s Chief Executive Officer. “As expected, our operations in core markets, especially in the Gulf Cooperation Council (GCC) countries, continue to grow with healthy margins, and we were very satisfied with the increasing positive contribution of our operations in Africa to the company’s overall performance”.

Hachem added, “We are in continuous evolution at Aramex. With the shifts in global trade patterns towards increasing south-south trade and the better realization of the growth potential of e-commerce in emerging markets, our asset – light business model is evolving to better serve the growing demand from the Business-to-Consumer (B2C) sector with significant changes in our global customer base. We are also maintaining our focus on our stated expansion strategy in growth markets through acquisitions and franchising in addition to our organic growth plans.”

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