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AD Ports Group today announced its financial results for the nine months ended September 30, 2021. Reported revenue increased by 22% year-on-year to AED 2.79 billion (US$760 million), compared with AED 2.295 billion (6.25 billion U.S. dollars) in the same period last year. One hundred million U.S. dollars). In the same period last year, it was driven by sales growth, business diversification and new partnerships.
During this period, EBITDA increased by 7% year-on-year to AED 1.161 billion (US$316 million), up from AED 1.081 billion (US$295 million) in the same period in 2020. Most business clusters have achieved growth.
From the beginning of the year to September 2021, the general freight volume increased from 22 million tons in the same period in 2020 to 37 million tons, while the industrial zone leased about 2.7 million square meters of land during the same period, reflecting the broader global response to COVID-19. Recovered from the effects of the pandemic, although some supply chain problems still exist.
Although the global shipping and container markets continue to face supply constraints, container throughput has increased from 2.42 million TEUs in the same period in 2020 to 2.47 million TEUs (20-foot equivalent units) in the first nine months of 2021.
Captain Mohamed Juma Al Shamsi, CEO of AD Ports Group, Said: “Due to the continued growth of our core business and incremental returns on new investments, we have reported solid results for the nine months ended September 30, 2021. As the world economy recovers from the effects of the global pandemic, And we play an active role in helping solve global supply chain issues, and we are ready for continued growth. Our commitment to contribute to the economic development of Abu Dhabi and the UAE is stronger than ever.”
Operational highlights during this period include the signing of a franchise agreement with CMA CGM Group in July 2021 to establish a new terminal in Khalifa Port. AD Ports Group has also signed an agreement with Aqaba Development Corporation for the head of terms to build and operate a new cruise terminal in the Port of Aqaba, Jordan. This is the first such terminal in the country and is also the AD Ports Group outside the UAE. The first cruise facility. In addition, the Group signed a preliminary agreement with the Iraqi Port Corporation (GCPI) to explore potential opportunities in the transportation and maritime sectors.
Martin Aarup, Chief Financial Officer of AD Ports Group, Said: “We have always focused on providing stable returns, built on the solid foundation of our long-term contracts, and backed by prudent investment strategies. We started from our new developments in feeder, offshore and transshipment services, and logistics service expansion. The return on investment, joint ventures and partnerships. According to our ongoing expansion plan, our investment capital will increase to AED 23 billion (US$6.3 billion) in the first nine months of 2021, higher than the same period in 2020 19.9 billion dirhams (5.4 billion U.S. dollars).”
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