21 Jul 2011
(MENAFN) Aramex, the Dubai based logistics company, said that due to higher fuel prices, in 2011’s second quarter, net profit surged 3 percent from the same quarter a year ago, reported Emirates 24/7.
Aramex added that compared with USD14.9 million in 2010’s second quarter, its profit grew to USD15.4 million, since its performance in the Arab Gulf region improved in the period, whereas its quarterly revenue reached USD176 million with an increase of 16 percent.
It also said that as it planned to expand its international investments, in February, the company purchased two delivery companies in Kenya, with new acquisitions to come in the future.
It is worth noting that in 2011, Aramex forecasts to grow 10 percent to 12 percent which will increase the company’s competition with rivals like Fedex and DHL.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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