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AD Ports Group report 21% rise in H1 revenue

AD Ports Group on Saturday reported a 21 percent year-on-year increase in revenues in the first half of the year, the official WAM new agency reported.
According to the financial results, the group reported 1,832 million dirhams ($499 million) revenue as compared with 1,517 million dirhams in the first half of 2020, driven by organic growth, diversification into new businesses, new leases and partnerships.

EBITDA rose 8 percent year-on-year to 770 million dirhams, up from 714 million dirhams in the first half of 2020, with growth across most of the business clusters.

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