I sure hope so!
Sometimes, parents feel they don't need to once their kids begin reading themselves.
It's quite the opposite!
Reading aloud to your child is:
... high quality, snuggle on the couch, "together" time
... a chance to model "good" reading (appropriate phrasing, volume, expression, etc.)
... an opportunity to expose your child to a variety of authors and genres, fiction and non-fiction
... a way to expand their vocabulary and general knowledge
An added bonus...the child who reads and is read to daily often tends to do much better at school!