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Monday, 30 January 2017

UPDATE 2-Dubai's Aramex sees slower profit, revenue growth in 2017 | Reuters

UPDATE 2-Dubai's Aramex sees slower profit, revenue growth in 2017 | Reuters:

"Dubai-based courier Aramex expects profit and revenue growth to slow to below 10 percent this year, with less of a boost from acquisitions than in 2016 and growth moderating in some markets, it said on Monday. Chief Executive Hussein Hachem told a press conference he was cautious about the business-to-business market, but confident on the business-to-consumer category, in part due to an expected 30 percent rise this year in e-commerce deliveries. Hachem did not identify which markets were slowing. Aramex operates across the world including Asia, Australia, the Middle East and Africa."



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