Aramex express company in 2011 profit growth slows

The Middle East Company Aramex said recently, due to a labor, high cost and investment and other reasons, in 2011 the company profit slowdown.
Money newspaper shows, the fourth quarter of 2011, while Aramex revenue growth of 18%, 682000000 United Arab Emirates di Rahm ( $141000000), but the company net profit of only add 4%, 57200000 United Arab Emirates di Rahm (11800000 euros ).
In 2011, Aramex company annual net profit of 211500000 United Arab Emirates di Rahm ( about 43700000 euros), 4% growth over last year. Revenue growth of 16%, 2576000000 United Arab Emirates di Rahm (524000000 euros ).
Aramex founder and CEO Fadi Ghandour said, although the company revenue achieved remarkable growth, and into the emerging markets to diversify, but due to high fuel prices, rising costs, the company invested in Africa and the Middle East and North Africa Greenfield operation due to the change of situation in the region, the company net profit growth limited. In 2011, the company is" beautifully year", the company through a series of mergers and cooperation in a number of important emerging market, consolidate the market position, undertook large-scale dilate, including M & a South African Berco express, Kenya express, OneWorld In-Time express company and Aquaship company of ireland. Aramex2012 will continue to implement the strategy of long term development