Aramex revenues to hit $607mn this year

2008-5-19

Aramex, the Middle East's biggest courier service, expects to see revenues rise to around 2.23 billion dirhams ($607.1 million) this year, the company's CEO and founder told ArabianBusiness.com on Sunday.

"We will be comfortable with revenue growth at about 25% [this year], and we like that - it's a very healthy number," Fadi Ghandour said, speaking at the World Economic Forum (WEF) in Sharm El-Sheikh, Egypt.

For the year ending December 31, Aramex posted revenues of 1.78 billion dirhams, up 31% year-on-year, while net profit rose 28% to 121.6 million dirhams over the same period.

Source: arabianbusiness.com
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