Aramex, the region’s leading total transportation solutions provider, has announced that 2007 second quarter net profits climbed 36 per cent to a record-breaking Dh33.5 million ($9.1 million), compared to Dh24.6 million for the same period in 2006.

Revenues soared 21 per cent to Dh438 million from Dh361 million for the same period last year.
The results pushed Aramex’s 2007 half-year net profits up by 39 per cent to Dh63.4 million, from Dh45.8 million.  Revenues for the first six months of 2007 also registered a very strong 39 per cent growth, jumping to Dh837 million, from Dh600 million for the same period in 2006.
Commenting on the results, Fadi Ghandour, Aramex’s founder and CEO, stressed that the performance demonstrated “solid leadership” in its core markets.  “All our products are enjoying double-digit revenue growth in the Gulf and we have been winning key accounts in the region’s logistics sector,” he added.
Meanwhile, Aramex unveiled its state-of-the-art logistics centre at a Beirut free zone, reinforcing its multimode solutions. It said the new centre would generate better transit times for the sea and land movement of goods from Europe and North Africa to the GCC and Levant countries. Iyad Kamal, Aramex chief logistics officer, said, “Our new facility at the Beirut Port Free Zone is a one-stop-shop offering tax-free storage and warehousing in addition to our regular portfolio of services.”
It covers one of the largest plots in the free zone, inclusive of a vaulted room and temperature controlled space for sensitive goods.
Aramex, founded 25 years ago, is listed on the Dubai Financial Market.