Dubai Ports' annual profit fell 33.8% to $ 879 million

The financial statements of Dubai Ports World showed a decrease in the company's profits last year by 33.8% year on year.

The company said in a press release, today, Thursday, that it recorded profits of 879 million dollars in 2020, compared to 2019 profits of 1328 million dollars.

The net profit attributable to the owners of the company after the items to be separately disclosed fell to 846 million dollars, compared to 1189 million dirhams, a decrease of 29%. >

while the company announced an increase in EBITDA by 0.4%; To reach $ 3319 million, compared to $ 3306 million during 2019.

the company attributed the reason for the increase in revenues during 2020 to the support from acquisitions and the contribution of a full year from Topaz Energy and Navigation and P & O Ferries.