Best ever annual results for Aramex
Global logistics player, Aramex, achieved record results last year. "We can confidently say that 2007 was Aramex's best year ever. We grew in size, reach, capability, and reputation," said Fadi Ghandour, founder and CEO of Aramex.
Product diversification and traditional markets were two aspects that drove Aramex's revenue from US$371 million to $485 million, marking a 28 % growth net profit.
The leading providers of total transportation capitalised on key infrastructure investments across the Middle East; current outsourcing trends; and developing strategic alliances and acquisitions.
These acquisitions maximised profitability in the lucrative and emerging markets of Singapore and Indonesia, as well as in Europe with the acquisition of the freight forwarding specialist Two Way Vanguard.
Aramex continues to expand aggressively in the Middle East market with the procurement of the document management company, Infofort.
Aramex achieved global financial success in a "thoughtful, measured, and sustainable manner that will enable us to continue leveraging our strengths as we move boldly into 2008," commented Ghandour.
Aramex's commitment towards the Sustainability Report and the UN Global Compact Initiative promises the business a prosperous future, as well as their relocation to a huge facility in Jebel Ali Free Zone. This no doubt will enable them to continue to reach their 100% revenue growth in 2007, and empower them to have another record year for 2008.