Abu Dhabi Ports Group's first-half revenue surges 21% in 2021
Abu Dhabi Ports Group, the operator of industrial cities and free zones in the emirate, reported a 21 per cent increase in revenue during the first six months of the year on the back of organic growth, diversification into new businesses, new leases and partnerships.
The company earned revenue of Dh1.8 billion ($490.1 million), compared with Dh1.52bn for the period ending June 30, 2020.
The port operator's earnings before interest, tax, depreciation and amortisation (Ebitda) rose 8 per cent to Dh770m, compared with Dh714m last year on the back of growth across various business clusters.
"Our financial performance is underpinned by continued expansions and increased activity, with key partnerships and joint ventures being established that are expected to deliver reliable returns in the future," said Abu Dhabi Ports chief executive Captain Mohamed Juma Al Shamsi.
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