Aramex records revenue of AED 2.8 billion in H1 2023

Aramex reported revenue of AED 2.8 billion in H1 2023, a 5 per cent decline YoY. In line with the global industry trend of softening volumes, the Q2 2023 Revenue also declined by 8 per cent. Aramex also maintained a robust Gross Profit Margin of 25 per cent over both the half year and second quarter periods, despite a 3 per cent and 9 per cent year-over-year reduction in gross profit for H1 and Q2 2023. Respectively, according to a statement.