Abu Dhabi Ports Reports Strong Revenue, Reorganizes for Efficiency

Abu Dhabi Ports reported robust revenue growth, surpassing analyst expectations by 7% with a total of 5.388 billion AED. The increase was driven by higher shipping activity and improved port utilization. However, EBITDA fell slightly short of predictions due to restructuring costs and lower freight rates. Net income, at 444 million AED, exceeded forecasts by 24%, aided by one-time events. The company also reorganized its digital division and shifted its Ro-Ro Terminal to enhance operational efficiency. Looking ahead, Abu Dhabi Ports anticipates strong container shipping rates until 2025, with a potential softening in 2026.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.