PRESS RELEASE
Amid challenging market conditions and currency fluctuations, Aramex improved profitability and margin performance, delivering a strong fourth quarter and a resilient full year performance in 2023.
Revenue growth in International Express was offset by the decline in revenues from other products. Freight Forwarding was impacted by the decline in global rates in the Freight- Forwarding industry, while the Domestic Express and Logistics products reported marginal decline in revenues, impacted by currency translation.
Gross Profit improved 2% YoY in Q4 2023 …
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