AD Ports third-quarter net profit jumps 73% on Hormuz impact mitigation efforts
· Cairo time
AD Ports Group posted a 73 per cent surge in its third-quarter net income as revenue climbed on push to mitigate the effect of the closure of the Strait of Hormuz.Net profit attributable to the owners of the company for three-month period to the end of September rose to Dh767 million ($209 million), the Abu Dhabi-based global ports and free zones operator said on Wednesday in a statement to the Abu Dhabi Securities Exchange, where its shares…
