Results mark tenth year of record profits
The UAE logistics and transportation company Aramex has posted a 15 per cent increase in its full-year profits for 2014 compared with the previous year.
Profits reached AED318.4m ($86.7m) last year, against AED278m achieved in 2013.
Revenues also increased by 10 per cent on 2013, reaching AED3.65bn in 2014.
Revenues were boosted by the firms expansion beyond the GCC, although the Gulf region remains the largest contributor to revenues.
In 2015, the company anticipates stronger revenues from its freight business given the decline in oil prices and increase in trade.
Aramex is also eying further acquisition opportunities this year, having completed several franchise agreements, joint ventures and acquisitions across Africa, Southeast Asia and Australia in 2014.
You might also like...
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.