Dubai – Mubasher: The net profits attributable to the equity holders of Aramex have decreased by 31% to AED 111.479 million during the first half (H1) of 2021 from AED 161.796 million in the same period of 2020, according to the unaudited interim consolidated financials for the period ended 30 June 2021.
The company generated revenues of AED 2.995 billion in the January-June period of 2021, up 23% from AED 2.445 billion in the year-ago period.
The basic and diluted earnings per share (EPS) from continuing operations settled at AED 0.069 in H1-21, versus AED 0.103 in H1-20.
Meanwhile, the basic and diluted EPS from discontinued operations stood at AED 0.007 in H1-21.
The CEO of Aramex, Othman Aljeda, said: "The pandemic accelerated consumers’ online shopping behaviors and we were able to immediately capitalize on the shifting trends because our strategically-located global hubs enabled us to efficiently handle and deliver shipments from and to all over the world."
Meanwhile, the Chief Operating Officer at Aramex, Thomas Kipp, commented: "We continued to handle a growing number of shipments with an impressive growth momentum over the last three months from cross-border e-commerce. This a strong testament of the benefit of our global operations and network and our ability to continue securing capacity amidst constrained cargo space, especially air cargo."
It is noteworthy to mention that during the first quarter (Q1) of 2021, the company's net profits decreased to AED 40.656 million from AED 61.727 million in the year-ago period.
