AD Ports Group Q3 net profit up 77%

AD Ports Group reported a 53 percent increase in Q3 revenue to AED 1.5 billion ($405 million) driven by strong growth in its maritime operations and robust performance of its economic cities & free zones (EC&FZ) cluster. EBITDA increased 52 percent to AED 594 million ($160 million) in Q32022, implying an EBITDA margin of 40.5 percent. Net Profit increased 77 percent YoY to AED 334 million ($90 million).