Dubai – Mubasher: The net profits attributable to the equity holders of Aramex decreased by 14% to AED 179.29 million during the first nine months of 2021 from AED 208.003 million in the corresponding period of 2020, as shown by the company's unaudited interim consolidated financials for the nine-month period ended 30 September 2021.

The company reported a 14% rise in revenues to AED 4.457 billion in the January-September period of 2021 from AED 3.911 billion in the corresponding period of 2020.

The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) declined by 6% to AED 525.687 million in the first nine months of 2021 from AED 561.772 million in the year-ago period.

During the third quarter (Q3) of 2021, the company's net profits increased by 47% to AED 67.815 million, compared to AED 46.206 million in the same quarter of 2020.

The Group CEO of Aramex, Othman Aljeda, said: "Over the last few months, we have witnessed an almost complete return to the pre-Covid operating environment and are noticing a few trends that we believe will continue to shape the future of our business and drive our growth strategy."

Aljeda added: "For our Courier Business, we are seeing a surge in domestic express volumes driven by a significant increase in the number of retailers opting to tap online sales channel to satisfy the needs of shoppers that have now increased expectations to buy all products, from necessities to luxuries, online."

It is noteworthy to mention that during the first half (H1) of 2021, the company's net profits decreased by 31% to AED 111.479 million from AED 161.796 million in the same period of 2020.