M&A radar: Aramex rumoured to be eyeing Toll Global Express
What’s emerged is now “a very left field selection, not the usual Australia Post/private equity rumours ...
Dubai-headquartered logistics operator Aramex has recorded skyrocketing profits for full-year 2018. Gulf News reports that the company saw profit for the year surge by 13%, despite a weak final quarter. The growth in profit outpaced that in revenue, which climbed 8% on 2017. Even so, the diminished return in the final three months of the year can’t be goods news for the e-commerce specialist. And despite the buoyancy surrounding the company, you needn’t look too far back to see that this rapid growth was not apace with 2016, when it reported a 37% upturn in profits.
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