ARAMEX PJSC

About ARAMEX PJSC
Country of Origin: United Arab Emirates (U.A.E)
Aramex PJSC (“the Parent Company”) is a Public Joint Stock Company registered in the Emirate of Dubai, United Arab Emirates on 15 February 2005 under UAE Federal Law No. 8 of 1984 (as amended). The Parent Company and its subsidiaries are (collectively referred to as “the Group” and individually as “Group entities”).
The Parent Company was listed on the Dubai Financial Market on 9 July 2005. The principal activities of the Group are to invest in the freight, express, logistics and supply chain management businesses through acquiring and owning controlling interests in companies in the Middle East and other parts of the world.
Latest Pressrelease Summaries from ARAMEX PJSC
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The text refers to the unaudited condensed interim consolidated financial information for ARAMEX PJSC and its subsidiaries for the nine-month period ending on 30th September 2023.
Aramex, a leading global logistics and transportation solutions provider, reported a resilient performance in H1 2023 despite challenging market conditions. The company's revenue was AED 2.8 billion, a 5% YoY decline. The Gross Profit Margin remained steady at 25% in both H1 and Q2 2023. The company's effective cost management is evident in a 12% decline in SG&A expenses in Q2 2023. Net income was AED 42.8 million in H1 2023, a significant decrease compared to AED 91.9 million in H1 2022, due to increased financial expenses and a softening topline. Despite challenging trends in International Express volumes, the company's domestic volumes were resilient. The GCC accounted for 39% of total revenues, reporting a 3% growth in Gross Profit in Q2 2023.