Aramex achieves robust operating margins with diversified portfolio

09/11/2023

PRESS RELEASE

Through persistent global challenges, inflationary environment and currency fluctuations, Aramex delivered a robust Revenue of AED 1.35 billion in Q3 2023, a decline of 5% Year-on-Year (YoY) and a resilient Gross Profit of AED 335 million, a growth of 4% YoY. Excluding the foreign exchange translation impact, Revenue decline was 2% and Gross Profit growth was 8%.

Aramex’s strategically balanced geographical presence continues to be an advantage; the GCC remains the highest contributor to Group revenues with a share ...