Abu Dhabi Ports record 4% profit fall in Q2 of 2023

Abu Dhabi Ports Group (AD Ports Group) posted on Tuesday its profit on shareholders that fell by four percent in the second quarter of this year, recording 286 million dirhams.

However, the Group has reported a revenue growth of 66 percent year-on-year (YoY) to 2.1 billion dirhams for the second quarter of 2023. While the EBITDA rose in the second quarter of 2023 by 29 percent YoY to 686 million dirhams.

It is noteworthy that AD Ports Group had completed the acquisition of Spain’s Noatum for logistics services, at a value of 2.65 billion dirhams, at the end of the second quarter.