Aramex trading suspended in Dubai before board meeting

Aramex shares have been suspended from trading Sunday on Dubai Financial Market as the company is set to hold its board meeting.
Aramex reported a 5 per cent fall in first-quarter net profit on Sunday.
Aramex reported a 5 per cent fall in first-quarter net profit on Sunday.

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Aramex shares have been suspended from trading Sunday on Dubai Financial Market as the company is set to hold its board meeting.

A notification on the Dubai bourse said: “Suspend trading on ARMX shares starting from 12:00 pm as its board of directors meeting is being held today, 30/04/2017 and until results are disclosed.”

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Aramex was trading at AED5.29 before suspension.

Aramex reported a 5 per cent fall in first-quarter net profit on Sunday.

The company made a net profit of AED91.8m (US $25m) in the three months to March 31, it said in a statement. This compares with a profit of AED96.9m in the same period a year earlier.

The firm’s revenue during the period was AED1.1bn, up 7 per cent from AED1bn in the same period a year ago.

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