Aramex expects ‘growth momentum’ into 2022 as Q3 net profit jumps 47% – The National

Aramex expects ‘growth momentum’ into 2022 as Q3 net profit jumps 47% – The National

Aramex, the Middle East’s biggest courier company, said the global economic recovery coupled with higher oil prices will boost the growth of logistics and freight-forwarding business into 2022, after it reported a 47 per cent jump in third-quarter net profit.

Net profit attributable to company shareholders for the three-month period to the end of September increased to Dh67.8 million ($18.5m), from the same quarter last year, Aramex said in a statement on Sunday to the Dubai Financial Market, where its share trade. Revenue was little changed at Dh1.46 billion in the quarter compared with Dh1.466bn in the same period last year.

"Over the last few months, we have witnessed an almost complete return to pre-Covid operating environment and are noticing a few trends that we believe will continue to shape the future of our business and drive our growth strategy," Aramex group chief executive Othman Aljeda said.