Page 37 - 7X PR REPORT JULY 2024
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7/31/24, 2:00 PM PRESSR: 7X achieves strong operational performance in first half of 2024 — TradingView News
There was also a rise of 8.5 per cent in the domestic last-mile and courier
shipments, which marks a significant increase as compared to the first half of
2023. With the launch of EMX in February 2024 and 7X’s continuous efforts to
enable its subsidiaries to expand the customer base and international shipping
destinations, the volume of international inbound shipments and transshipment
have increased significantly.
Furthermore, the group witnessed a 38 per cent growth in financial transactions
and recorded a 22 per cent increase in the volume of printed financial and non-
financial cards. These figures signify a remarkable increase compared to those
reported during the first half of last year.
Abdulla Mohammed Alashram, Group CEO of 7X, said: “Our results in the first
half of 2024 reflect the strength of our diverse portfolio. With the support of a
strong operating network and forward-thinking business methodology, we have
succeeded in achieving our targets amidst the ongoing challenges within our
industries. We are optimistic that the second half of the year will bring even
more success, particularly with the new products and services to be launched
by our subsidiaries with 7X’s support. We will continue to strengthen our efforts
in digitalisation, eCommerce, logistics, and financial inclusion, while supporting
the UAE’s economic growth.”
7X is committed to further strengthening its brand position across business
sectors. The group aims to continue encouraging its subsidiaries to make strong
contributions with their product offerings and digital services, thereby
supporting the trade, transport, and logistics sectors locally, regionally, and
globally.
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