The financial statements of the UAE Aramex company showed that the company's profits fell in the last year by 43% on an annual basis.
According to the company's results for the Dubai Financial Market, today, Wednesday, profits for the past year amounted to 285 million dirhams, compared to 2019 profits of 497.4 million dirhams.
the company said that the decline in profits during the comparative years is due to the formation of exceptional and non-recurring allocations of 92.6 million dirhams.
and clarified that these provisions consist of losses of property damage and customer goods worth 52.9 million dirhams, and 18.4 million dirhams for the fire accident that occurred in the third quarter of 2020. < / p>
This is in addition to 21.3 million dirhams estimated credit losses on the company's bank deposits in Lebanon, compared to nothing in 2019.
