News

  • Photo: Aramex

15.02.2021

Artikel Nummer: 35214

Aramex makes the day


Dubai-based CEP provider Aramex has reported its financial results for 2020. The revenues for the year amounted to AED 5.51 billion (USD 1.49 billion) a surge of 9% compared to 2019. The booming e-commerce activities left their mark over the year.

 

Aramex’s international express business rose by 10% to AED 2.6 billion (USD 702 million), compared to AED 2.4 billion (USD 650 million) in 2019.

 

The second half of the year witnessed a strong recovery from a weak H1/2020 with lockdown measures. All the same, Aramex’s freight forwarding business declined by 5% to AED 1.1 billion (USD 297 million), compared to AED 1.2 billion (USD 324 million) in 2019 due to less demand in the oil & gas and retail business.

 

In the course of 2020, the logistics & supply chain solutions business increased 6% to AED 375 million (USD 101 million), compared to AED 355 million (USD 96 million) in 2019. The progress is attributed to the flourishing segments healthcare and FMCG. (sh)

www.aramex.com

 

 

 

Mehr zum Thema