Aramex has continued strong growth during the third quarter of 2013 despite the ‘prolonged’low-trading season at the beginning of the third quarter, with revenues and net profits rising by
9% and 13% respectively.Revenues for the third quarter of 2013 grew 9% to AED 827 million (€163.3 million), while thenet profits increased 13% to AED 59.9 million (€11.8 million), compared with the same period lastyear.
Overall, the company delivered solid performances in its core businesses including express,logistics, freight and e-commerce during the third quarter. Especially in the e-commerce sector, itcontinued its efforts to connect growth markets across Africa and Asia by expanding B2C services tocities including Istanbul, Johannesburg, Hong Kong and Mumbai.
Aramex highlighted the fact that it was able to generate revenues from its core marketoperations in the Middle East and North Africa (MENA) region in spite of the ongoing low-tradingseason in Q3 2013. Sub-Saharan African markets also continued strong growth while South Africagained increasingly in importance for the company’s global network.
Commenting on the results, CEO Hussein Hachem said: “Our continued focus on performanceoptimisation and efficiencies allowed us to stay on target and deliver sustainable Q3revenues.”
“We have entered the final quarter of the year with very good momentum in our business,maintaining our focus on our global growth strategy. We have expanded our industry supply chainsolutions, in particular for the oil and gas sector and we expect to extend these services toadditional markets. We have also succeeded in expanding our footprint through franchising andacquisitions in sub-Saharan Africa and Central Asia – markets that will be key to our futuredevelopment – and we will continue to focus on expansion in these markets in 2014,” he added.
