Aramex trading suspended in Dubai before board meeting

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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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