Abu Dhabi – Mubasher: The net profits attributable to the shareholders of AD Ports Group enlarged to AED 917.05 million in the first nine months (9M) of 2022, compared to AED 590.04 million in 9M-21.

The ADX-listed firm generated revenues worth AED 3.75 billion in January-September 2022, a jump from AED 2.79 billion in the year-ago period, according to the income statements.

Basic and diluted earnings per share (EPS) stood at AED 0.19 in 9M-22, up 27% from AED 0.15 in 9M-21.

In the third quarter (Q3) of 2022, the net profits attributable to the owners amounted to AED 314.36 million, higher than AED 187.33 million during the same period in 2021.

The revenues surged by 53% to AED 1.46 billion in Q3-22 from AED 959.38 million in Q3-21, while the basic and diluted EPS inched up to AED 0.06 from AED 0.05.

Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports, said: “We have pursued joint ventures and acquisitions that have built supply chain density along major routes, accelerating trade and building resilience for customers around the world.”

Al Shamisi added: “These new ventures have played a key role in expanding our service offering, enabling us to support customers at every stage of their business journey, and delivering exponential growth in our maritime business in particular.”

During the first half (H1) of 2022, AD Ports registered a leap in net profit attributable to the equityholders to AED 602.69 million, compared to AED 402.70 million in H1-21.