AD Ports FY21 revenue up 14% to $1.1bn on volume growth

AD Ports FY21 revenue up 14% to $1.1bn on volume growth

AD Ports Group reported a 14 percent increase in revenue to AED3.9 billion ($1.1 billion) for the full year 2021 on record cargo and container volumes, business diversification and new partnerships.

Net Profit more than doubled to AED845 million ($230 million) based on preliminary, unaudited financials.

"Cargo and container volumes handled reached record highs of 45 million metric tonnes and 3.4 million TEUs, respectively," an official statement said. "These results demonstrate that AD Ports Group has consolidated our leadership position during a period where global trade and supply chains have experienced many challenges," says Falah Mohammed Al Ahbabi, chairman, AD Ports Group.