The financial statements of the UAE Aramex company showed that the company's profits in the first nine months of this year fell by 40% on an annual basis.
According to the company's results for the Dubai Financial Market, today, Thursday, profits for the first nine months of this year amounted to about 208 million dirhams, with a profit of 14 fils per share.
The company recorded a profit of 46 million dirhams during the third quarter of this year, a decrease of 59% compared to the profits for the same period in 2019.
the company attributed the decline in profits to allocations for losses in damages to customers estimated at 53 million dirhams due to the explosion of the Beirut port and the fire in the company's warehouses in Casablanca, Kingdom of Morocco.
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Aramex's profits fell by 30% in the first half of this year, to reach 161.8 million dirhams, compared to profits of 231.2 million dirhams for the same period last year. < / p>
