Middle East forwarder Aramex believes its growing e-commerce business is behind its increased profitability.
The company saw net profit grow 26% in the second quarter, while the first-half net profit was up 20%, to AED225.7m ($61.4m) on the back of a 7% rise in revenues to AED2.4bn.
Its international express business grew 10% in the first half to AED1.02bn, thanks to “strong growth in cross-border e-commerce across most regions,” it said.
Domestic express grew 8% to …
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Source: The Loadstar
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