Aramex reports profit plunge for Q4 of 2015

The logistics giant Aramex has reported a 36 percent decrease in net profit for the fourth quarter of 2015.
The logistics giant Aramex has reported a 36 percent decrease in net profit for the fourth quarter of 2015.
The logistics giant Aramex has reported a 36 percent decrease in net profit for the fourth quarter of 2015.

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The logistics giant Aramex has reported a 36 percent decrease in net profit for the fourth quarter of 2015.

The Dubai-based courier made a net profit of AED 57.6 million in the three months to December 31, it said in a statement, compared with a profit of AED 89.4-million during the same quarter in 2014.

SICO Bahrain had forecast that Aramex would make a quarterly net profit of AED 97.6-million.

Annual profit for the firm was AED 311-million, down marginally from AED318-million during 2014.

In October, Aramex said it had several acquisitions in the pipeline and was expecting to close deals valued in the range of US $150 million in the next two quarters.
 

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