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FINANCIAL NEWS
Aramex profits up to USD993.4m in 2014
08 Feb 2015
(MENAFN) Transportation giant Aramex registered the 10th straight year of record profits since the company was enrolled on the DFM, Saudi Gazette reported.
The firm’s 2014 revenues amounted to USD993.4 million, up 1 percent compared to USD903.89 million in 2013, while full-year net profit reached USD86.6 million, an increase of 15 percent compared to USD75.6 million.
Aramex’ 2014 growth was sustained by solid growth in the fourth quarter, in which revenues increased to USD261.01 million, up 13 percent compared to USD231.3 million quarter-on-quarter.
Meanwhile, the leading global logistics and transportation solutions provider’s net profit rose to USD24.3 million, up from USD20.79 million in the fourth-quarter of 2013, an increase of 17 percent.
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