Page 26 - 7X PR REPORT JULY 2024
P. 26

UAE’s 7X Delivers Strong Performance in


               H1 2024


               7X, formerly known as Emirates Post, reported a 12% YoY rise in outbound shipments, 42% YoY
               growth in inbound EMS parcels
               TLME News Service
               Published on:
               31 Jul 2024, 7:57 am
               7X, formerly Emirates Post Group, announced strong operational results for the first half (H1)
               of 2024, reflecting significant growth and achievements in the trade, transport, and logistics
               sectors.
               Key highlights include a 12% year-on-year (YoY) increase in international outbound postal
               shipments and a 42% YoY growth in international inbound shipments through EMS and parcel
               delivery compared to the same period last year, according to a press release.
               Domestic last-mile and courier shipments rose by 8.50% YoY. The launch of EMX in February 2024
               contributed to increased international inbound shipments and transshipment volumes.
               Read More: Emirates Post Group Unveils New Brand Identity – 7X
               Financial transactions grew by 38% YoY in H1-24, and the volume of printed financial and non-
               financial cards increased by 22% YoY.
               Abdulla Mohammed Alashram, Group CEO of 7X, stated: “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.”











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               h1-2024
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