Daily Archives: June 12, 2015

Aramex Express Box Launched in Partnership with Al Ansari Exchange

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Global logistics and transportation solutions provider Aramex has announced its partnership with Al Ansari Exchange, the UAE-based Foreign Exchange and Worldwide Money Transfer Company to launch a new UAE service: Aramex Express Box.

Aramex Express Box is an automated kiosk that will facilitate international and domestic express shipments for Aramex customers with boxes strategically placed at selected Al Ansari Exchange branches around the UAE. Customers will be able to easily prepare their packages and drop them in the secure kiosks at times and places fitting their schedules.

Building on its commitment to continue innovating for customers, Aramex carried out a survey in its service centers across the country. Findings showed that 70 per cent of respondents liked the idea of using a self-service machine to pay for and send packages and express shipments, leading to the launch of these self-service portals in 14 Al Ansari Exchange locations, with plans to roll out more in the future.

Using new technologies, Aramex Express Box will enable customers to track their shipment with instant SMS mobile updates and around the clock support via the dedicated Aramex helpline, keeping customers well-informed and reassured on delivery progress.

Read more at www.aramex.com

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Aramex Posts Decade of Consecutive Record Profits

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Aramex (DFM: ARMX), the leading global logistics and transportation solutions provider, today announced its Full Year Financial Results for 2014 – the tenth consecutive year of record profits since the company was listed on the DFM.

The company’s 2014 Full Year Revenues reached AED 3,650 million, up 10% compared to AED 3,321 million in the previous year while Full Year Net Profits touched AED 318.4 million, an increase of 15% compared to AED 278 million in 2013. Aramex’s 2014 growth was supported by robust growth in the last quarter of the year. Q4 revenues increased to AED 959 million, up 13% compared to AED 850 million in the corresponding period of 2013, while net profits rose to AED 89.4 million, up from AED 76.4 million in Q4 2013, an increase of 17%.

Commenting on the results, Hussein Hachem, Aramex Chief Executive Officer said: “Aramex has had another very strong set of results in 2014. Our performance was driven by solid revenue growth primarily in international and domestic express, as well as the continued expansion of our innovative e-commerce platform across key growth markets. Aramex also achieved solid growth across its geographies, with the GCC remaining the largest contributor to revenues in 2014.”

Aramex’s International Express business recorded a strong performance in Q4 with revenues growing 18% to AED 335 million. Revenues were driven primarily by robust e-commerce growth in Aramex’s core and growth markets supported by the solid performance in the sector in both Europe and the U.S. Going forward, Aramex expects significant express opportunities in these markets.

The Domestic Express business saw revenues of AED 203 million in Q4, an increase of 26% from Q4 last year. This is due to increased demand for Aramex domestic services for both businesses and individuals in key markets. In addition, our recent acquisition of Australia-based Mail Call Couriers was a significant contributor to this growth.

Read more at www.aramex.com

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Aramex Subsidiary InfoFort Acquires 51% Stake in Leading Turkish IT Company

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InfoFort, a susbsidiary of Aramex and the leading records and information management solution provider in the Middle East and Africa, today announced the acquisition of a 51% stake in Turkey-based CBKSoft Software Inc. CBKSoft is the leader in the Turkish electronic content management (ECM) market, developing custom software solutions to empower businesses and improve the bottom line.

Aramex first entered the Turkish market in 1998 and now has 12 offices across the country. The acquisition of CBKSoft provides significant opportunities for Aramex and InfoFort to continue their regional expansion, taking advantage of increasing demand for innovative information management and business solutions.

CBKSoft offers a range of innovative IT services including its state-of-the-art enVision® document and workflow management system. These services complement InfoFort’s comprehensive suite of records and information management solutions.

The acquisition will further expand InfoFort’s reach in the region by giving Turkish customers greater access to its client–focused, technology-driven solutions. InfoFort services, including physical records management, electronic records management, media and tape vaulting and rotation and secure data destruction will be gradually introduced to the Turkish market. At the same time, enVision® and other CBKSoft services will also be exported to InfoFort’s markets across the Middle East and Africa. Since enVision® is available in five different languages and can be easily integrated into routine business operations, the service can be adopted in diverse market environments. The management of CBKSoft will remain the same and continue to manage the company following the acquisition.

Read more at www.aramex.com

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Aramex Posts 10% Profit Growth in the First Quarter of 2015

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Aramex (DFM: ARMX), the leading global logistics and transportation solutions provider, today announced its financial results for the first quarter of 2015. Aramex’s Net Profits increased 10% to AED 86.6 million, up from AED 78.7 million in Q1 2014. Revenues in the first quarter of 2015 increased to AED 930 million, up 9% compared to AED 852 million in Q1 2014.

Aramex’s solid performance was driven by growth across all its geographies with the GCC remaining the largest contributor to revenues. International express performed well supported by the continued expansion of the company’s e-commerce platform across key growth markets. Domestic Express also saw an increase due in part to the company’s recent acquisitions in both Australia and South Africa and due to an increase in demand for domestic services for both businesses and individuals in its key markets.

Commenting on the results, Hussein Hachem, Aramex CEO said: “Although we witnessed slower growth at the beginning of the quarter we finished Q1 strongly despite challenges brought about by low oil prices and weak global currencies. While the volatility in global currencies impacted our revenues, a strong US dollar presents us with opportunities for acquisitions.”

Read more at www.aramex.com

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