Aramex attains robust operating margins

0
276

Company delivered a robust revenue of AED 1.3bn in Q3-2023

Aramex released its financial results for the third quarter of the year ending September 30, 2023. In the third quarter of 2023, Aramex sustained its performance with Group revenues amounting to AED 1.35bn, according to a press communique.

The quarter bore testament to the Company’s enduring resilience, as evidenced by a noteworthy 4% YoY increase in Gross Profit and a resilient EBITDA of AED 134mn for Q3-2023.

Net profit

The company reported a net profit of AED 9.6mn in Q3-2023, a notable decline from AED 39.6mn recorded in Q3-2022.

Aramex’s strategically diversified geographical presence remains a key advantage, with the GCC region consistently leading the way by contributing a remarkable 40% of the Group’s total revenues.

“Our focus on cost optimization has been pivotal in maintaining steady operating margins, even amidst the challenges posed by currency fluctuations and the interest rate environment,” noted Othman Aljeda, CEO, Aramex.

LEAVE A REPLY

Please enter your comment!
Please enter your name here