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Dubai / Emirates Business
Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, on Sunday announced its financial results for the first quarter of 2016. Aramex’s Net Profits increased 12% to AED 96.9 million, up from AED 86.6 million in Q1 2015. Revenues in the first quarter of 2016 increased to AED 1,048 million, up 13% compared to AED 930 million in Q1 2015.
Aramex’s strong performance was driven by growth across all its geographies. International Express recorded a strong performance in Q1, driven primarily by robust e-commerce growth across all markets.