INVESTOR RELATIONS CENTER
Aramex International LLC
News Detail
Press release News vom 05.11.2017
Aramex Announces Net Profits Growth of 13% in the Third Quarter 2017
Dubai, UAE; November 05, 2017: Aramex (DFM: ARMX), the disruptive leader in the global logistics and transportation industry, announced today its financial results for the third quarter ending 30 September 2017. Aramex’s Q3 Net Profits have increased by 13% to AED 81.6 million, up from AED 72.2 million in Q3 2016. Revenues in the third quarter have also increased to AED 1,144 million, up by 9% compared to last year’s AED 1,050 million in Q3 2016. Excluding global currency fluctuations, especially the Egyptian Pound, Q3 2017 Revenues would have registered double-digit growth of 11%. Commenting on the results, Hussein Hachem, CEO of Aramex, said: “We are pleased to report strong results in Q3 with healthy growth rates in Revenues and Net Profits. All our geographies and business segments performed very well in the last three months. We also continued to witness strong cross-border e-commerce growth across key markets, especially in Asia and Asia-Pacific.” With e-Commerce activities continuing to grow globally, Aramex’s International and Domestic Express services continue to drive the company’s positive financial performance. In addition, Freight services saw a rebound in Q3 2017 with expectations for this trend to continue for the rest of the year. “Moving forward, we will continue to focus on growing our e-commerce proposition and expand global operations through strategic partnerships with innovative logistics and technology companies. Our most recent financial results and strong growth levels are a testament to this approach. We remain committed to keeping the momentum as we move forward for the remainder of 2017,” added Hachem. Aramex is heavily focused on becoming a technology-based enterprise. It will continue to implement new, innovative technologies to support this transition and pursue strategic partnerships to further enhance its products and services. This will remain to be a key priority for 2017 and into 2018. – Ends – About Aramex: Aramex (DFM: ARMX) is the disruptive leader in the global logistics and transportation industry. Established in 1982 as an express operator, the company rapidly evolved into a global brand recognized for its customized services and innovative multi-product offering. Traded on the NASDAQ from 1997 to 2002, Aramex today is a publicly traded company on the Dubai Financial Market, employing more than 18,000 people in 567 locations across 72 countries and leads a strong alliance network providing global presence, and bringing together 40 independent express companies from around the world. The range of services offered by Aramex includes integrated logistics solutions, international and domestic express delivery, freight forwarding, secure records and information management solutions, and e-services, including e-business solutions and Shop and Ship. www.aramex.com Follow us on: For more information, please contact: Aramex International |
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