Business | Economy
Aramex reports 28% increase in net profit
Aramex, a logistics and transportation solutions provider, reported Dh121.6 million profit last year, up 28 per cent compared to Dh95.2 million in 2006.
- Staff Report
- Published: 22:56 February 9, 2008
Dubai: Aramex, a logistics and transportation solutions provider, reported Dh121.6 million profit last year, up 28 per cent compared to Dh95.2 million in 2006.
"We can confidently say that 2007 was Aramex's best year ever. 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," said Fadi Ghandour, founder and CEO of Aramex.
Outsourcing gains
Capitalising on current outsourcing trends across the region, Aramex has been able to win major logistics contracts in 2007 by diversifying its offering through products and services that combine some of the most advanced technologies and innovative solutions on the market.
Key infrastructure investments across the Middle East also enabled the company to expand its profitable logistics business, while strategic acquisitions in Singapore and Indonesia extended the company's reach across lucrative emerging markets.
More from Economy
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
