Tag Archives: Aramex

Aramex Announces Record Net Profit Growth in Q4 2016

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Dubai, UAE; January 30, 2017:Aramex (DFM: ARMX), the disruptive leader in the global logistics and transportation industry, today announced its Full Year Financial Results for the year ended 31 December 2016.

Aramex’s 2016 Full Year Revenues reached AED 4,343 million, up by 16% compared to AED 3,755 million in 2015. Q4 Revenues saw double-digit growth of 18% to AED 1,158 million, compared to AED 982 million in the corresponding period of 2015.

The Company’s 2016 Full Year Net Profits increased by 37% to AED 426.6 million, compared to AED 311.3 million in 2015. Q4 Net Profits reached AED 131.8 million, which represents an increase of 129%, compared to AED 57.6 million in Q4 2015.

Read more at aramex.com

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Aramex announces 15% revenue growth in the third quarter of 2016

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Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the last three month (Q3) and nine month (YTD) periods ending 30 September 2016.

Aramex’s Q3 Revenues increased to AED 1,050 million, up by 15% compared to AED 917 million in Q3 2015. Net Profits decreased by 3% to AED 72.2 million, down from AED 74.6 million in Q3 2015.

Adjusting to include results for the full nine month YTD period, Revenues increased to AED 3,185 million, up by 15% compared to AED 2,773 million in the first nine months of 2015. Net Profits increased by 16% to AED 294.8 million, up from AED 253.7 million during the same period last year.

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Aramex Announces Strategic Logistics Partnership with NewBridge Pharmaceuticals

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Aramex, a leading global provider of comprehensive logistics and transportation solutions, has recently announced its partnership with NewBridge Pharmaceuticals. As part of this collaboration, Aramex is now providing a range of logistics services for NewBridge in the Middle East, Africa, Canada and the UK.

Based in Dubai, UAE, NewBridge pharmaceuticals is a regional specialty company providing a one-stop-solution to pharmaceuticals, biological, genomics and other innovative healthcare companies. The focus is on in-licensing and commercializing FDA and EMA/European approved innovative therapeutics and diagnostics that address unmet medical needs of diseases with high prevalence within the emerging markets of the Middle East & Africa region.

Through the partnership, Aramex is managing the logistics of patient samples across any clinics and hospitals from the Middle East to the U.S. for advanced clinical testing. Aramex is also providing temperature controlled storage and transportation of medication for NewBridge from various distribution hubs in the UK and Canada to healthcare facilities within the Middle East and Africa.

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Aramex Records Double Digit Revenue Growth in Second Quarter of 2016

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Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the second quarter of 2016. Aramex’s Net Profits increased by 36% to AED 125.7 million, up from AED 92.5 million in Q2 2015. Revenues were also up 17%, to AED 1,105 million compared to AED 946 million over the corresponding period of the previous year.

Aramex’s Half Year 2016 Revenues increased year-on-year to AED 2,134 million, up 15% compared to AED 1,856 million for the corresponding period of 2015. Net Profits during the same period rose to AED 222.5 million, up from AED 179.2 million in the first half of 2015, a year-on-year increase of 24%. Overall Net Profits registered double-digit growth, impacted by a one-time fair value adjustment related to Aramex’s investment in AMC Logistics joint venture in Egypt amounting to AED 41.6 million.

Commenting on the results, Hussein Hachem, Aramex CEO said: “We are pleased with our Q2 financial performance. Despite global economic uncertainty, continuing oil price volatility and currency fluctuations, our results for the quarter were strong. However, though we finished strongly, we experienced slowing growth at the end of the quarter. We are closely watching this trend so we can quickly adjust to further volatility and remain cautiously optimistic about continuing our growth momentum into the second half of 2016.”

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Aramex partners with 3 word addressing system what3words

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Dubai, UAE, June 29, 2016 – Aramex, a leading global provider of comprehensive logistics and transportation solutions, today announces that it has invested US $2.94 million as part of a US $8.5 million Series B funding round with what3words, the multi-award winning addressing platform. This investment comes to further enhance Aramex’s global e-commerce operations. Previous investors, Intel Capital and British funds Force Over Mass and Mustard Seed also contributed to the deal.

what3words is an address system based on a global grid of 57 trillion 3mx3m squares, where each square has a unique pre-assigned 3-word address. The solution helps everyone who needs to find or share a location – whether they are navigation apps, governments, logistics firms, travel guides or NGOs.

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Aramex Launches a New Smartphone App

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Aramex, a leading global provider of comprehensive logistics and transportation solutions, has officially launched its new smartphone app to UAE customers. The app will ultimately be available for Aramex customers across all markets the company operates in.

Customers in the UAE can now use the new app to easily track and manage their shipments. The app offers six unique features making the overall customer service experience quicker, easier and more enjoyable.This includes phone tracking, package visibility, in-app payment, delivery scheduling, live tracking and a courier rating system to asses overall satisfaction. The use of the new Aramex app gives customers more power and control over paying for, tracking and receiving shipments, with instant access to updates available on their smartphones. All Aramex customers need to do is download the free app on their smartphones, create an account by entering their mobile number and shipping address. Once set up, their information will be automatically populated and stored.

Read more at aramex.com

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Aramex Announces 12% Profit Growth in the First Quarter of 2016

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Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the first quarter of 2016. Aramex’s Net Profits increased 12% to AED 96.9 million, up from AED 86.6 million in Q1 2015. Revenues in the first quarter of 2016 increased to AED 1,048 million, up 13% compared to AED 930 million in Q1 2015.

Aramex’s strong performance was driven by growth across all its geographies. International Express recorded a strong performance in Q1, driven primarily by robust e-commerce growth across all markets. The Domestic Express business saw an increase in revenues in key markets, particularly in the Asia-Pacific, where Aramex revenue growth for the quarter was positively impacted by the acquisition of Fastway Couriers.

Commenting on the results, Hussein Hachem, Aramex CEO said: “Despite global economic uncertainty, continuing oil price volatility and currency fluctuations, our performance in Q1 was very strong. Net profit growth could have been even stronger, up by 18%, had we not accounted for a one time acquisition cost of Fastway Couriers during the quarter. Revenue growth, primarily in international and domestic express, was driven by the continued expansion of our cross-border e-commerce business across key growth markets and contributed significantly to our good performance this quarter. Though we finished Q1 strongly, we experienced slower growth at the end of the quarter. We are closely watching this trend so we can quickly adjust to any volatility, and we’re cautiously optimistic about continuing our growth momentum further into 2016.”

Via: aramex.com

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Aramex to Sell MailCall and Form JV with Australia Post

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Aramex, a leading global provider of comprehensive logistics and transportation solutions, announced today that it intends to sell its Sydney-based MailCall Couriers to Australia Post’s StarTrack Courier.

Aramex and Australia Post will also form a joint-venture targeting the global e-commerce market, with a particular focus on Asia. This joint venture intends to acquire Australia Post’s StarTrack International global e-commerce postal solutions business and build on the service capability of such business.

Via: aramex.com

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Aramex Expands Global Footprint with Acquisition of Fastway Limited

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In a recent expansion of its global presence, Aramex, a leading global provider of comprehensive logistics and transportation solutions, today announced its acquisition of Fastway Limited (Fastway Couriers), a leading courier service provider headquartered in New Zealand. The deal is Aramex’s second acquisition in the Asia-Pacific region to date and involves a 100 per cent buyout of the company’s business in New Zealand and Australia for NZD $125.277 million (Approximately AED293.650 million).

Established in New Zealand in 1983, Fastway Couriers’ global network includes 63 regional depots and 1,500 courier franchisees across Australia, New Zealand, Ireland, Northern Ireland and South Africa. With more than 250 franchise partners across New Zealand alone, the company transports 16 million parcels globally to 75,000 customers each year. Its courier franchisees offer cost effective, reliable and fast delivery services and are supported by the latest innovative technologies and online parcel track and trace facilities.

Commenting on the acquisition, Hussein Hachem, Chief Executive Officer of Aramex said: “We are excited to add Fastway Couriers to Aramex’s global network. The company has a strongly performing business, a well-recognised brand, a leadership position in the Asia-Pacific market, an excellent management team and large global customer base. Following our recent deals in Thailand and Australia last year, acquiring Fastway Couriers is the next logical, strategic move for us. Having scalable synergies with our own infrastructure and extending our reach across the region, the acquisition now makes us present in New Zealand for the first time and strengthens our existing operations in Australia. Enhancing and expanding our operations in the region also allows us to further contribute to the development of Asia-Pacific’s e-commerce sector and facilitate cross-border trade.”

Via: aramex.com

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Aramex to activate innovative parcel locker system across Dubai

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Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its plans to launch private, automated parcel lockers for e-commerce and express shipments across Dubai, providing another convenient delivery option for its customers. Celebrating the nation’s Innovation Week, the initiative supports the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for Dubai to become a smart city.

Following Aramex’s recent Joint Venture with InPost, the world’s largest parcel lockers network, the company is currently creating a network of automated parcel locker systems in major locations and communities across Dubai including Arabian Ranches, The Meadows, The Greens, Gold and Diamond Park, Tecom, Mirdif and Dubai Marina among others. These locker systems will later be rolled out nationwide and to all major cities and locations across the Middle East and North Africa, supporting the development of the rapidly growing global e-commerce and express delivery industry. Through these innovative, automated self-service terminals, e-tailers will be able to send goods ordered online direct to parcel lockers, while customers will be able to collect their e-shopping and other parcels at preselected terminals at a time most convenient for them.

Commenting on the initiative, Hussein Hachem, Aramex CEO said: “We are excited about deploying our innovative locker scheme across Dubai. We’re proud to be able to celebrate the UAE’s Innovation Week by highlighting one of our own innovative initiatives underway, which is effectively helping drive our business forward and furthering Dubai’s vision to become a smart city. Innovation is a core component of our business strategy and a key competitive advantage for us, so ensuring that we have the mechanisms and processes in place to innovate is a priority. We will continue to innovate our technologies, products and services to maintain our market leadership position and further transform ourselves into a leading technology-based enterprise.”

Via: aramex.com

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