AD Ports Group's 2022 financial results reveal 41% revenue growth to Dh5.5b
Total net profit surges 53 per cent to Dh1.3 billion in 2022 due to strong performance of its maritime and ports clusters
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Total net profit surges 53 per cent to Dh1.3 billion in 2022 due to strong performance of its maritime and ports clusters
Overseas expansion and acquisitions gets Abu Dhabi firm into robust growth mode
RIYADH: Driven by the expansion of its maritime business, Abu Dhabi Ports Group reported a 50 percent increase in its 2022 net profit. The figure rose to 1.27 billion dirhams ($345.8 million), up from 854 million dirhams in 2021, the company said in a filing to the Abu Dhabi Securities Exchange. Revenue grew 41 percent annually to 5.52 billion dirhams, “mainly driven by the
Overseas expansion and acquisitions gets Abu Dhabi firm into robust growth mode
AD Ports Group today announced its financial results for the quarter ended 31 March 2022. The Group reported revenue growth of 15 percent year-on-year to AED 1,047 million for Q1 2022, compared with AED 910 million in 2021, with growth across most clusters and a strong contribution from new partnerships and business lines. Adjusted EBITDA ...