Aramex announced that its net profits for the first half of 2008 climbed 18 per cent to Dh74.6 million ($20.3 million) from Dh63.4 million for the first half of 2007. Revenues for the first six months of 2008 also registered 23 per cent growth, climbing to Dh1.033 billion, from Dh837 million for the same period in 2007.
  “Despite inflationary pressures in the region, we continue to perform well and remain optimistic that the remainder of the year will produce similarly consistent results,” said Fadi Ghandour, founder and CEO of Aramex.
“Our growth potential is positive, particularly in our core Middle East market, where we are benefiting from the unprecedented economic boom,” he added.
During the first half of 2008, Aramex was involved in a number of landmark sustainability-related projects, including the introduction of hybrid cars into its ground fleet, and the adoption of eco-friendly packages across all operations.
Made from recycled polythene, Aramex’s new pouches include a special additive in the material which reduces the molecular weight of the polythene, accelerating the disintegration process without affecting the packages’ durability.
Encouraging recycling of all forms, Aramex also introduced an internal paper recycling project and recently launched a newspaper recycling project through Ruwwad, the company’s sustainable community development initiative.