Abu Dhabi - Mubasher: The net profits of Abu Dhabi Ports increased to AED 845.1 million in 2021, compared to AED 397 million in the previous year, as shown by the company's preliminary financials for the period ended 31 December 2021.
The company generated revenues of AED 3.9 billion in 2021, up 14% from AED 3.4 billion in 2020.
On a reported basis, the earnings before interest, tax, depreciation, and amortisation (EBITDA) rose to AED 1.6 billion ($434 million) during 2021 from AED 1.5 billion ($422 million) in the earlier year.
The earnings per share (EPS) stood at AED 0.22 last year, versus AED 0.1 in 2020.
The Chairman of AD Ports Group, Falah Mohammed Al Ahbabi, said: "These excellent results demonstrate that AD Ports Group has consolidated our leadership position during a period where global trade and supply chains have experienced many challenges."
Meanwhile, the Group CEO of AD Ports Group, Mohamed Juma Al Shamsi, added: "As we continue to build the knowledge and expertise required to take our business to the next level and utilise the AED 4 billion in cash proceeds from the pre-listing issuance this month, we believe that the Group is well-positioned to accelerate its local and international expansion plans in 2022 and beyond with transformational impact across a broad range of industries."
