Dubai: AD Ports Group posted a record quarterly net profit of Dh975 million for the third quarter, up 64 per cent from a year earlier. Revenue rose 48 per cent to Dh7.99 billion, the Abu Dhabi company reported its financial results on November 11. Disruptions in the Strait of Hormuz continued to impact UAE ports operations during the period.Profit and marginsEBITDA grew faster than sales. It climbed 63 per cent to Dh1.97 billion, lifting the margin to 24.6 per cent from 22.3 per cent. Profit before tax rose 81 per cent to Dh1.08 billion. Owners’ share of net profit climbed 73 per cent to Dh767 million. Revenue for the first nine months increased 41 per cent to Dh20.83 billion. Net profit grew 64 per cent to Dh2.46 billion.
