Aramex PJSC Second Quarter 2024 Earnings: EPS: د.إ0.002 (vs د.إ0.013 in 2Q 2023)

Aramex PJSC (DFM:ARMX) Second Quarter 2024 Results

Key Financial Results

• Revenue: د.إ1.50b (up 7.7% from 2Q 2023).
• Net income: د.إ3.16m (down 84% from 2Q 2023).
• Profit margin: 0.2% (down from 1.4% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.002 (down from د.إ0.013 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aramex PJSC Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Logistics industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are down 1.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Aramex PJSC that you should be aware of before investing here.

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