| 25 Jul 2010 |
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Aramex second quarter net profit up 10%
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Revenues rise 15% to AED 557 million with strong growth across all key markets and products,Net profit margin at 10% for second quarter, Well-positioned for future expansion in Africa, Southeast Asia, CIS
AramexAramex
(DFM: ARMX), the global logistics and transportation solutions provider, today announced its second quarter earnings for the three months ending June 30, 2010. The company reported net profits of AED 55 million, a 10% increase over the AED 50 million posted in the corresponding period of 2009. Net profits for the first half of 2010 stood at AED 102 million, growth of 10% over the AED 93 million achieved in the first six months of 2009."These solid figures meet our expectations for this quarter, and are very much in line with historically strong performances across all levels of operations," said Fadi Ghandour, AramexAramex founder and CEO. "Supported by our strong cash position, we remain focused on investing and expanding in emerging markets such as those in Africa, Southeast Asia and the CIS countries," Ghandour added.
AramexAramex also continued, in the second quarter of 2010, to deliver on its commitments to the environment and communities, expanding its partnership agreement with UNICEF in the GCC. Among other initiatives and activities, AramexAramex released its second sustainability report in April 2010, outlining the company's progress and highlighting steps to accelerate the adoption of sustainability practices.
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About AramexAramex:
AramexAramex is a leading provider of comprehensive logistics and transportation solutions. Established in 1982 as an express operator, the company rapidly evolved into a global brand recognized for its customized services and innovative multi-product offering. Traded on the NASDAQ from 1997 to 2002, AramexAramex today is a publicly traded company on the Dubai Financial Market (DFM: ARMX), employing more than 8,100 people in 310 locations, and leads a strong alliance network providing global presence, and bringing together 40 independent express companies from around the world. The range of services offered by AramexAramex includes international and domestic express delivery, freight forwarding, logistics and warehousing, document management, consumer retail services, and e-commerce solutions.
For further information, please contact:
Lina Shehadeh
AramexAramex
InternationalTel: +962 6 551 5111
Email: lina.shehadeh@aramex.com
Mohammed AlTawil
Nicholas Nesson
Nitin Nambiar
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3344550
Fax: 971-4-3356080
E-mail: m.altawil@asdaa.com
E-mail: n.nesson @asdaa.com
E-mail: n.nambiar@asdaa.com
© Press Release 2010
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