Abu Dhabi-based AD Ports Group has announced a 15% growth in its revenue for the first three months which soared to AED1.05 million ($285 million) with growth across most clusters, while its net profit rose 41% to hit AED306 million ($83 million).
ABU DHABI, 13th May, 2022 (WAM) AD Ports Group today announced its financial results for the quarter ended 31st March 2022, reporting revenue growth of 15 percent year-on-year to AED1,047 million for Q1 2022, compared with AED910 million in 2021, with growth across most clusters and a strong contribution from new partnerships and business lines.
Adjusted EBITDA for the period increased by 34 percent year-on-year to AED524 million compared to AED393 million during the same period last year.
Adjusted EBITDA benefitted from a one-off.
AD Ports Group today announced its financial results for the quarter ended 31 March 2022. The Group reported revenue growth of 15 percent year-on-year to AED 1,047 million for Q1 2022, compared with AED 910 million in 2021, with growth across most clusters and a strong contribution from new partnerships and business lines. Adjusted EBITDA .