Since January, Abu Dhabi Ports has witness[ds_preview]ed a 77% jump in net profit and 20% revenue growth while the EBITDA margin exceeded 40%, reflecting a 15% increase compared to H1 2015 figures.
At the Khalifa Port Container Terminal (KPCT), which is operated by Abu Dhabi Terminals, container volumes increased by 11% in the first half of the year, the company stated. Bolstered by rapid growth in polymer exports and transhipment activity across the Gulf, 699,776 TEUs were handled in the first six months of 2016, up from 629,941 TEUs in the same period of 2015.
The RoRo offering saw new levels of productivity with a record average of 206 cars handled per hour in April 2016 alone, an important boost for the automotive industry in the UAE and the region, demonstrating the growth of Abu Dhabi as a logistics hub for this industry, the port operator reported. During the first half of 2016, Abu Dhabi Ports enjoyed an increase in RoRo volumes of 4% compared with the same period in 2015, with 58,000 vehicles passing through the ports so far in 2016.
Commenting on H1 2016 results, Capt. Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said: »These results demonstrate the crucial role that Abu Dhabi Ports plays as a UAE’s regional and increasingly global maritime trade hub, especially for those seeking to access the USD 7.8 trillion Middle East, Africa and South Asian region.«
Over the past six months, Abu Dhabi Ports has also completed the first cruise season from the new Cruise Terminal. The 184,815 passengers represent an increase of 49% on this time last year, resulting in a 16% year-on-year growth from the 2015 season.
