FINANCIAL NEWS

Aramex reports 10% rise in Q2 profits

25 Jul 2010

(MENAFN) Aramex PJSC, a United Arab Emirates- based logistics company, said that its second-quarter profit rose 10 percent as freight services grew in Europe and India, Reuters reported.

Net income advanced to $15 million from $13.6 million in the year-earlier period, Aramex said in a statement to the Dubai bourse. Revenue rose 15 percent to $157.2 million.

The results were mainly due to an increase of business across the company?s operations and strong growth in freight services in Europe and India,? the company said.

Aramex had a net profit margin of 10 percent in the quarter ?as it continued to focus on operational cost efficiency, it added.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.