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Aramex profits slide 15% amid high operating costs

Cargo Facts StaffbyCargo Facts Staff
November 30, 2022
in Analysis - Logistics, Consulting
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Global logistics provider Aramex opened new fulfillment centers and branches in Egypt, Iraq, Morocco and Saudi Arabia this year following a 22% year-over-year jump in revenue in 2021 in its freight-forwarding business. Dubai, United Arab Emirates-based Aramex posted a net profit of AED 226 million (U.S. $61.5 million) in 2021, a 15% YoY decrease, while […]

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