Abu Dhabi Ports profit soars on higher revenue in first quarter – The National

Abu Dhabi Ports profit soars on higher revenue in first quarter – The National

Abu Dhabi Ports Group, the operator of industrial cities and free zones in the emirate, said first-quarter profit surged 41 per cent on higher revenue.

Net profit in the three-month period to the end of March, increased to Dh306 million ($83m) from the previous year, the company said in a regulatory filing to the Abu Dhabi Securities Exchange, where its shares are traded.

Revenue increased 15 per cent to Dh1 billion during the reporting period, as a result of growth across most clusters and a strong contribution from new partnerships and business lines, the company said.