Cross-border e-commerce saw Aramex revenue rise 19% last year, but the company saw pressure on margins due to applying volume-based incentive rates to key customers.
UAE-based Aramex’s international express business saw revenue reach AED2bn ($546m) for the full year, while its domestic express business grew 4%to AED1bn.
Aramex adopted a variable last-mile business model in 2017, which, it said, also put pressure on domestic express margins, while capping the increase in operating expenses.
The post E-commerce driving boost to Aramex revenue, but margins remain tight appeared first on The Loadstar.
Source: The Loadstar