ARAMEX (DFM: ARMX), the global transportation & logistics solutions provider, today announced its financial results for the first quarter 2007, with revenues and net profits growing by an impressive 67% and 42%, respectively, over the same period last year.
ARAMEX revenues reached AED 399 million for the period ending March 31, 2007, compared to AED 238 million for the same period in 2006, and net profits jumped to AED 29.9 million, from 21.1 million for the first quarter of 2006.
Commenting on these results, Fadi Ghandour, CEO of ARAMEX, said: “This is the best quarter ever for the company! We are extremely pleased with this record-breaking performance, which reflects our commitment to delivering excellence in everything we do and to increasing shareholder value.” Ghandour added that “the market is rewarding us in different ways for the innovative solutions we are offering. Our market share has been growing at a very nice pace, the companies we have acquired in 2005 and 2006 have been performing well, and now these very satisfactory financial figures.”
ARAMEX (PJSC) listed on the Dubai Financial Market (DFM: ARMX) - is the leading provider of total transportation solutions in the MENA region and South Asia, offering express delivery, freight forwarding and logistics solutions. Founded 25 years ago, ARAMEX employs more than 6,130 people in 240 offices spanning five continents and has a strong global alliance network offering worldwide presence.
