Aramex appoints new CEO as first quarter profit slides

  • Date: 06-May-2021
  • Source: The National
  • Sector:Transport
  • Country:UAE
  • Who else needs to know?

Aramex appoints new CEO as first quarter profit slides

Dubai-listed Aramex appointed Othman Aljeda as its new chief executive as the company reported a 32 per cent decline in first quarter profit but saw revenue soar on the back of rising e-commerce.

Profit in the first three months of the year fell to Dh46 million ($12.5m) from the same period a year earlier, the company said in a regulatory filing on Thursday to the Dubai Financial Market, where its shares trade. Revenue in the first quarter grew 24 per cent to Dh1.4 billion.