Aramex claims best year as 2007 profit jumps 28%

Dubai-based express, freight forwarding and logistics service provider Aramex has reported what it says is "the company¡¯s best year yet," following the recent release of financial results for 2007. For the year ending 31 December 2007, net profit rose by 28 per cent to AED 121.6 million ($32.1 million) on the baoramlck of a 31 […]


Dubai-based express, freight forwarding and logistics service provider Aramex has reported what it says is "the company¡¯s best year yet," following the recent release of financial results for 2007.

For the year ending 31 December 2007, net profit rose by 28 per cent to AED 121.6 million ($32.1 million) on the baoramlck of a 31 per cent year-on-year jump in revenue of AED 1,784 million (US$485.8 million).

"We can confidently say that 2007 was Aramex¡¯s best year ever," said the company¡¯s founder and CEO, Fadi Ghandour. "We grew in size, reach, capability and reputation. And we did it in a thoughtful, measured and sustainable manner that will enable us to continue leveraging our strengths as we move boldly into 2008."

Although benefiting from current outsourcing trends across the region, the company was able to win major logistics contracts in 2007 by diversifying its offering, according to the group.

Key infrastructure investments across the Middle East also enabled the company to grow its profitable logistics business and strategic acquisitions in Singapore and Indonesia have extended the company¡¯s reach across lucrative emerging markets.