Annual - Aramex

Selected Financial Data
Annual
Report 2008
The below schedule presents selected consolidated financial data of Aramex PJSC for the years 2006, 2007 and 2008, and data of Aramex
International Limited for the years 2004 and 2005. These statements have been prepared in accordance with international financial reporting
standards.
* Aramex International Limited numbers for the years 2004 and 2005 have been translated from US Dollars to UAE Dirhams using an exchange
rate of US$ 1 = AED 3.6726
Consolidated Income Statements
(In Thousands of UAE Dirhams)
(Year Ended December 31)
Revenues
2004 2005 2006 2007 2008
International express 294,523 369,119 439,769 519,085 610,343
Freight forwarding 245,308 282,985 611,188 823,993 912,599
Domestic express 93,093 120,874 176,962 224,988 295,665
Logistics 3,182 7,496 52,626 106,766 132,654
Publications and distribution 29,873 33,426 34,565 35,952 35,955
Others 27,174 39,952 48,693 73,004 92,738
Total Revenues 693,152 853,852 1,363,803 1,783,788 2,079,954
Shipping costs 377,617 447,320 743,966 948,133 1,041,971
Gross profit 315,536 406,532 619,838 835,654 1,037,983
Operating expenses 93,633 119,117 191,911 268,548 364,961
Selling, general and administrative expenses 163,985 200,957 318,605 424,095 497,797
Operating income 57,917 86,458 109,322 143,011 175,225
Interest income 889 753 8,564 8,070 5,375
Interest expense (856) (895) (3,309) (4,131) (3,442)
Gain (loss) on sale of fixed assets (15) 249 (544) (298) (853)
Exchange gain (loss) (584) 1,508 (967) 3,442 1,771
Other income (loss) 624 341 375 422 1,869
Income before income taxes 57,976 88,415 113,441 150,516 179,945
Provision for income taxes (3,239) (3,925) (4,437) (9,450) (10,573)
Minority interests (7,151) (10,087) (13,780) (19,515) (22,051)
Net Income 47,586 74,403 95,223 121,551 147,321
IV