Dubai’s Aramex posts 5% drop in Q1 net profit
The company made a net profit of $25m in the three months to March 31
Dubai-based courier Aramex reported a 5 per cent fall in first-quarter net profit on Sunday.
The company made a net profit of Dhs91.8m ($25m) in the three months to March 31, it said in a statement. This compares with a profit of Dhs96.9m in the same period a year earlier.
EFG Hermes and SICO Bahrain forecast the firm would make a quarterly net profit of Dhs109.1m and Dhs105.6m respectively.
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