Dubai: Aramex's revenues rose by 5 per cent to Dh3.8b billion during 2015, while net profits declined 2 per cent to Dh311 million, the firm announced on Wednesday.
The Dubai-listed logisitics firm said in a statement that currency variations, primarily in the euro, South African rand and the Australian dollar, caused a 4.4 per cent negative impact on revenues.
And it said a one-off executive incentive scheme reduced its net, which would otherwise have been Dh358 million, an increase of 12 per cent over 2014.
Chief executive Hussain Hachem said, "We had another strong year and we are very happy with our 2015 results. Despite global economic uncertainty, substantial drop in oil prices and currency fluctuations, our 2015 performance was very solid in revenue growth, primarily in international and domestic express, led by continued expansion of our e-commerce business across key growth markets.
"We ar excited about the positive growth trajectory we are on and will carry this momentum into 2016."
