Aramex express third-quarter profits growth slowed sharply

The latest data shows, because Aramex express company in the Middle East and north Africa region of the market higher operating costs, its third quarter profits increased only 3%.

This quarter, a listed company Aramex dubai income growth by 19%, to 651 million rumsfeld's (125 million euros). However, its net profit rose by only 3%, to 4800 ABU dhabi (9.2 million euros), less than its in recent years of double-digit growth rate.

Aramex says, in some major markets, including the gulf cooperation council (GCC) countries, especially Saudi Arabia and the united Arab emirates and Europe and southeast Asia, all the products of the company in the production line of business are the robust growth to keep.

Aramex says that because of Egypt and other market instability, the company business development to slow down. But the company will still in the first quarter of 2012 new acquisitions announced plans.