Dubai: The AD Ports Group sailed through the Dh1 billion profit mark, weighing in at Dh1.3 billion against Dh845.69 million a year ago and 2020’s Dh394.43 million. 2022 was also the year when the ADX-listed firm expanded into key regional markets and also at its Abu Dhabi base, which includes the KIZAD cluster.

Revenues for the year were at Dh5.51 billion against Dh3.9 billion in 2021, while the net profit margin was at 23.7 per cent. “Group revenue grew 41 per cent year-on-year to Dh5.51 billion, ‘mainly driven by the maritime cluster and effect from new acquisitions’.

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