Abu Dhabi Ports Company PJSC
Year to date
-0.08 %
3 months
0.00 %
6 months
0.00 %
1 year
0.00 %
3 years
0.00 %
5 years
0.00 %
Latest Pressrelease Summaries
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AD Ports Group reported a record Q3 2023 with a net profit of AED 403 million, a 20% increase year-on-year (YoY). Revenue grew by 189% YoY to AED 4.24 billion, primarily driven by the consolidation of Noatum, as well as the Maritime & Shipping and EC&FZ clusters. EBITDA increased 28% YoY to AED 759 million, resulting in an EBITDA margin of 17.9%. The company also saw strong volume growth across various sectors, with a significant increase in Ro-Ro volumes (+651% YoY). New land leases and warehouse leases also saw growth, while freight rates have normalized close to pre-COVID19 levels. Despite a temporary deterioration in working capital, the Group expects its operating profitability to rebalance in the future.
The text appears to be a review report and condensed consolidated financial information for Abu Dhabi Ports Company PJSC. The report covers a nine-month period ending on 30th September 2023. The document is likely to contain financial performance details and other relevant financial data for this period.
On 14th November 2023, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting where they approved the company's financial results for the third quarter of the financial year 2023. The Board also discussed recent developments related to the company's activities and projects. The meeting took place at the company's offices at 3 pm.
The Board of Directors of Abu Dhabi Ports Company PJSC has announced a virtual meeting scheduled for 14 November 2023 at 3 pm. The meeting, to be held via video conference, will focus on approving the company's Q3 financial statements for the fiscal year 2023 and discussing other general matters related to the company's activities and projects. The announcement was made by the company's General Counsel, Emil Pellicer.