“Care by Air” Initiative Supported by Aramex PJSC According to BAC Company Report
09 Feb 2012 • by Natalie Aster
LONDON – Beginning of January 2012 Aramex announced its support to Care by Air, an initiative on provision of long-term logistics services to non-profit humanitarian organizations at affordable price. The initiative was launched in 2009 by Etihad, Maximus Air and Abu Dhabi Airports Company. Aramex’s worldwide logistics network will benefit Care by Air; in return, the enterprise will gain social endorsement and improve its corporate responsibility policy.
Company’s financial performance has been strong lately. Estimated revenue for Q4 2011 was AED 682 M, net income amounted to AED 57.2 M. the quarter appeared to be strongest in 2011. Annual result estimates show 16.5% increase in sales (total AED 2,576 M) and 3.6% growth in net incomes (total AED 211.5 M); profit margin, however, lost 1 percent point and equaled 8.2%. Generally 2011 is a strong year for Aramex, marked by series of strategic acquisitions: OneWorld Courier and In-Time Couriers in Kenya, Berco Express in South Africa, and Irish Aquaship Agencies. A joint venture with SinoAir in China was also formed. Solid cash position will help Aramex succeed in 2012.
Founded in 1982 and headquartered in Dubai (United Arab Emirates), Aramex PJSC engages in provision of worldwide logistics and transportation services for Middle East and African occupants. The company also offers freight services and e-commerce solutions for data management. In 1997 Aramex entered NASDAQ, being the first Arabian company in the listing. Now the enterprise also trades at Dubai SE under the ticker ARMX.
Full research on the company’s activities, risk factors, business opportunities and experts’ forecasts can be found in the report “Aramex PJSC Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Aramex PJSC Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Feb, 2012
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