News / Strong Q2 for Aramex as demand for cross-border e-commerce grows

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 AED527m and freight forwarding  edged up 2% to AED579m, owing to a ...