Aramex Q2 2013 net profit rises 12% to $19.7m

Firm plans to accelerate its Africa and central Asia expansion.
Logistics, NEWS


Aramex recorded a 12 percent rise in second-quarter net profit, Reuters reported on Monday.

Aramex reported a Q2 net profit of Dh72.3 million ($19.7 million) compared with Dh64.6m in the corresponding period of 2012.

The result was in line with market expectations; four analysts polled by Reuters had estimated on average a second-quarter net profit of Dh72.1m.

Meanwhile, revenue for the period rose to Dh845m, up 9 percent from Dh777m in Q2 2012.

Reuters reported the company as saying it would accelerate plans for expansion in Africa and central Asia and aimed to finalise a number of new acquisitions and franchises before the end of 2013.

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