The financial statements of the UAE company Aramex showed a 14% decline in the company's net profits in the first nine months of this year; To reach 179.30 million dirhams, compared to 208 million dirhams, profits for the same period in 2020.
At the quarterly level, Aramex achieved a net profit of 67.82 million dirhams in the third quarter of this year, compared to a profit of 46.21 million dirhams in the corresponding period of 2020. an increase of 47%.
Excluding non-recurring items in both years, net profit from normal operations for the third quarter was down 70% year-over-year.
In a statement to the Dubai Financial Market, today, Sunday, the company said that Aramex's revenues in the third quarter of this year amounted to about 1.46 billion dirhams, without any change on an annual basis. .
The company attributed the stability of revenue to double-digit growth in domestic express services revenue and a strong recovery in the freight and logistics services sector.
It is worth noting that the past year witnessed an exceptional rise in revenues due to the closures and restrictions imposed as a result of the outbreak of the (Covid-19) pandemic.
