Dubai, UAE – Monday, 10th February 2020:
Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the Fourth Quarter and Full Year ending 31 December 2019.
Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the Fourth Quarter and Full Year ending 31 December 2019.
Full Year 2019 Revenue increased by 3% to AED 5,246 million, compared to AED 5,086 million in FY 2018. FY 2019 Net Profit increased 1% to AED 497.4 million, compared to AED 492.6 million made in the year ago period.
Aramex’s Q4 2019 Revenue grew by 3% to AED 1,463 million, compared to AED 1,425 million in Q4 2018. Q4 Net Profit dropped slightly by 1% to AED 152.5 million, compared to AED 154 million in the year ago period. In Q4 2018, Aramex registered a one-off impairment of AED 46 million from the divestment of Aramex Global Solutions (AGS).
The Company remains in a very strong cash position thanks to prudent financial management; at the end of 2019, Aramex’s total cash stood at AED 1 billion and free cash flow of AED 294 million.
Read more at aramex.com