Aramex profits up 7%
Aramex has reported that its net profits for the third quarter (Q3) ended 30 September were AED 74.6m, up 7% from the same period last year. Revenues were up 2% to AED 937m. Aramex said that its performance was “driven by broad-based revenue growth across all its geographies, with the GCC the largest contributor to revenues”.
Commenting on the results, Hussein Hachem, Aramex CEO, said: “Revenue growth in Q3 was stable for the business, despite fluctuating oil prices and weaker global currencies. While this volatility did impact our revenues this quarter, net profit growth was still overall positive. We have entered the final quarter of the year with a strong focus on furthering our global growth strategy, pursuing strategic investments in markets both locally and abroad.”
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