AD Ports Group today announced reported a revenue growth of 14% year-on-year to AED3.9 billion ($1.1 billion) in full year 2021, compared with AED3.4 billion ($933 million) in 2020, driven by volume growth, business diversification and new partnerships.
ABU DHABI, 8th February, 2022 (WAM) AD Ports Group today announced its 2021 financial results based on preliminary, unaudited financials for the 12 months ended 31st December 2021, reporting revenue growth of 14 percent year-on-year to AED3.9 billion compared with AED3.4 billion in 2020, driven by volume growth, business diversification and new partnerships.
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA), on a reported basis, rose to AED1.6 billion during 2021, up from AED1.5 billion in 2020.
Net Profit reached AED845 million in 2021.
AD Ports Group emerged from a challenging 2020 , when the global shipping industry was disrupted by COVID-19, to build a strong trajectory of growth throughout 2021, achieving a series of historic milestones and expanding its footprint in the region and beyond. AD Ports Group closed 2021 with the signing of a number of strategic .