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FinancialNews
14-08-22
Abu Dhabi Ports records 59 percent profit surge in Q2
(MENAFN) Abu Dhabi Ports Group, the head of industrial cities and free zones in the emirate, presented that April-June period net revenue jumped 59 percent on upper income as its business remains to regain from worldwide provision chain shipment.
Net income in the stated period to the end of June surged to Dh300 million (USD81.7m) from the same quarter in 2021, the firm stated in a directing filing to the Abu Dhabi Securities Exchange, where its staked are exchanged.
Profit climbed 35 percent to Dh1.24 billion throughout the mentioned quarter, the firm stated that “mainly driven by the maritime and economic cities and free zones clusters, and to a lesser extent by the digital cluster.”
Mohamed Juma Al Shamisi, managing chief and group head executive of the firm stated that “The momentum of our growth journey has accelerated throughout the first half of the year, and we anticipate continuing to deliver on our performance for the remainder of the year.”
Adding that “The group’s core businesses have continued to rebound from the severe supply chain disruptions of last year while our new ventures, enhanced service offering and diversification strategy into synergistic new businesses have been yielding positive results.”
MENAFN14082022000045014228ID1104693392
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