Aramex, a leading global logistics and transportation solutions provider, has registered a 16 per cent jump in its net profit for the third quarter which rose to Dh69.5 million ($19 million) from Dh60 million ($16.3 million) last year.

The company's revenues in the third quarter increased to Dh922 million ($251 million), up 12 per cent compared to Dh824 million ($224 million) last year.

Announcing the results, CEO Hussein Hachem said it had delivered yet another strong performance for the quarter. "Revenues were once again particularly strong in international express and e-commerce, following our investment in last-mile infrastructure and innovative technology solutions," he stated.

"We remain well positioned to continue to capitalise on the significant opportunities in e-commerce across our growth markets," said Hachem.

According to him, Aramex has delivered a broad-based revenue growth across its geographies for the third quarter, with the GCC the key driver of this growth, complemented by improved performance from its operations in Europe, Asia-Pacific and Africa, as volumes of international and domestic trade increased.

Hachem pointed out that its acquisition of Australian express company Mail Call in June had supported the growth in the third quarter.

"Mail Call has strengthened Aramex’s Asia-Pacific proposition, creating opportunities to further develop and grow its global e-commerce business. Mail Call has also provided Aramex with important, technology-driven delivery capabilities in Australia, enabling Aramex to take advantage of the growing e-commerce industry between Australia and Asia in particular," he added.

Across its core businesses in express and logistics, Aramex continued to deliver solid results during the third quarter of 2014, with results from e-commerce particularly strong.

Aramex continues to develop its ecommerce offerings and online shopping experience by expanding to new markets in Asia, Africa, Europe and Australia. It will remain a key focus for Aramex’s business strategy for the remainder of 2014 and into 2015.

"We have entered the final quarter of the year with strong momentum in our business, maintaining our focus on our global growth strategy," stated Hachem. "We remain confident in continuing our excellent performance through the remainder of the year," he added.-TradeArabia News Service