Tag: Aramex

Growth Fueled by Solid Performance of Freight and Logistics Products.

Posted by | Nov 1, 2007 | |

Aramex reported financial results for the third quarter ended September 30, 2007. Aramex revenues rose 25 pct to AED 451.7 million, climbing from AED 360.8 million for the same period last year.

Net profits for the third quarter of 2007 rose by 14 pct to AED 26.0 million, from AED 22.7 million for the same period last year, while net profits for the first nine months of 2007 increased by 31 pct to AED 89.4 million, from AED 68.5 million for the same period last year.

Aramex revenues for the first nine months of 2007 rose by 34 pct to AED 1,289 million from AED 961 million for the same period last year. These results include one time costs of AED 1.8 million of an investment write-off and tax expenses.

“We had solid double digit growth in all our products, especially our freight and logistics services. The gulf region continues to give us very solid results and we are witnessing consistent profitability from our Two-Way acquisition in Europe.” commented Fadi Ghandour, Founder & CEO of Aramex.

“We continue to be optimistic about our full year results coming out on target,” he added.

In addition to significant growth in freight and logistics, the company also demonstrated strong results in the growing document management sector through Infofort; Aramex’s document management arm and a market leader in the Middle East.

1 USD = 3.67151 AED

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Aramex Lebanon wins 'Station of the Year 2006'

Posted by | Nov 1, 2007 | |

Aramex has honoured its Lebanon network with ‘Station of the Year’, recognizing its outstanding efforts during the war which erupted in Lebanon in the summer of 2006.

Despite strenuous circumstances, Aramex Lebanon was not only able to continue full commercial operations, but managed to maintain high service standards which enabled clients to continue doing business – underlining the team’s exceptional level of dedication.

“The tremendous efforts put forth by our operations in Lebanon during the war demonstrate Aramex’s unwavering support and commitment to the local communities in which we operate, what the Lebanon team did was an inspiration to us all,” said Fadi Ghandour, Aramex Founder and CEO.

In coordination with the Higher Committee for Relief and locally-based NGO’s, Aramex Lebanon played a critical role in the international relief efforts in Lebanon during the war. Full resources were dedicated to distribute humanitarian aid materials across various affected parts of the country.

Held at the Dead Sea in Jordan, Aramex recognised several high performing stations at its 25th annual leader’s conference, presenting trophies for the best performances in Express, Freight, Domestic, Logistics, Revenue and Net Income, among others.

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Aramex delivers Oman Post Express Shipments

Posted by | Oct 29, 2007 | |

Aramex, announced that it has partnered with Oman Post to handle express deliveries on its behalf to the MENA region, Indian Sub-Continent and Europe.

As per the agreement, Aramex will serve as key logistics provider for the handling of express deliveries on behalf of Oman Post.

Aramex offers an innovative solution that stretches across the GCC, MENA and South Asian regions. The benefits of the relationship for Oman Post is that Aramex has the capability, resources and flexibility to reach markets earlier untouched by the government shipment arm that are key to placing Oman Post on the map of influential postal service providers.

Aramex has started delivering on behalf of the Omani government through this partnership which comes as a demonstration of Aramex ‘s commitment to the Omani and wider GCC communities.

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Aramex wins innovative logistics pitch

Posted by | Oct 25, 2007 | |

Aramex will provide global logistics for Terraplana, creator of fashion products from recycled materials.

Aramex won the business following a three-way competitive pitch and is now responsible for all aspects of the Terraplana group’s import and export business, worldwide.

“The diverse nature of Terraplana’s products means we are providing a wide range of value-added logistics including pick and pack, storage and e-commerce distribution on a global basis,” says Aramex’ UK managing director air & ocean, Jim Armour.

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CPL – Aramex plans more acquisitions

Posted by | Oct 4, 2007 | |

Aramex plans to continue buying freight companies in key markets around the world to build up its global network, Osama Fatalleh, senior vice president and chief strategic officer, told the CPL Summit in Barcelona this week.

The Middle East-based freight logistics company wants to become the world’s fifth-largest express player through a mix of subsidiaries, alliance partners and franchises. “Our industry cannot continue to be controlled by four companies on a global scale,” Fatelleh said.

Over the last few years, Aramex had built up a worldwide network through this mixed approach but continued to face the challenge of having partners acquired by one of the big four players, Fatelleh said. In response, Aramex had decided to move from a cooperation model to a financial holding strategy in key markets such as the US, Asia and Central Europe, he said.

At the same time, Aramex was broadening its product portfolio into freight. In future, it was likely to buy freight companies and then widen them with express services since there were now few attractive express companies left to buy, he commented. Aramex also planned to open up its network to smaller local or regional players to give them more opportunity to compete with the big four integrators, he added.

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