Monday 10 February 2020

#Dubai's Aramex posts flat 2019 net profit - Gulf Business

Dubai's Aramex posts flat 2019 net profit - Gulf Business:

UAE-based logistics and transportation solutions provider, Aramex, has reported a marginal increase of 1 per cent in net profit for 2019, it announced on Monday.

The logistics service provider posted net profit of Dhs497.4m in 2019, compared to Dhs492.6m in 2018. However, Aramex’s full year revenues for 2019 stood at Dhs5.2bn, up 3 per cent from Dhs5.0bn in 2018.

At the end of 2019, Aramex’s total cash stood at Dhs1bn and free cash flow at Dhs294m, attributed to its prudent financial management, a statement said.

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