AD Ports posts record Q3 net profit of Dh975 million, up 64%
· Cairo time
Dubai: AD Ports Group posted a record quarterly net profit of Dh975 million for the third quarter, up 64 per cent from a year earlier. Revenue rose 48 per cent to Dh7.99 billion, the Abu Dhabi company reported its financial results on November 11. Disruptions in the Strait of Hormuz continued to impact UAE ports operations during the period.Profit and marginsEBITDA grew faster than sales. It climbed 63 per cent to Dh1.97 billion, lifting the…
