According to Emirates News Agency, the company achieved 17.7 percent growth in adjusted profits before deduction of interest, taxes, depreciation and amortization.
On the basis of accounting reports, the results revealed that revenues achieved a growth of 36.1 percent with the support of acquisitions, including P&O Ferris / United Kingdom / Topaz Energy and Navigation / United Arab Emirates / and the stations of Puerto Central and Puerto Rico in Chile in addition to the influence of the Continental Warehouse Corporation / India / for the whole year and Cosmos nationality Maritima / Peru / Unifedder / Denmark / and the merger of Australia. Returns also increased on the basis of homeopathy by 2.3 percent, driven by a growth of 16.0 percent in revenue from unpacked goods.
She stated that the adjusted profit before deduction of interest, taxes, depreciation and amortization achieved 17.7 percent and achieved a margin for the whole year by 43.0 percent and the adjusted profit margin before deduction of interest, taxes, depreciation and amortization on the basis of optimal comparison was 49.6 percent.
Ordinary dividends amounted to 40 US cents per share, generally reflecting the percentage of dividends historically. The company raised $ 2.3 billion by issuing long-term bonds at record low interest rates to remove the refinancing risk. The company also strengthened the balance sheet and provided financial flexibility.
Investments in the ports and terminals sector include two new stations in Chile / Puerto Central and Puerto Lerkin / merging stations in Australia. Investments in the logistics sector also include the acquisition of P&O Ferries' comprehensive European logistics platform and marine operator Topaz Energy and Navigation.
The capital expenditure directives for 2020 amount to 1.4 billion US dollars and include the implementation of the planned investments in the United Arab Emirates, Prince Robert, the London Gateway Port / United Kingdom / Jeddah / Saudi Arabia / Callao / Peru / Al Sukhna / Egypt / Berbera / Somaliland /.
Bosorca, the only deepwater port in Ecuador, was opened with a capacity of 750,000 TEUs measuring 20 feet on time and within the specified budget. The franchise was renewed for 30 years at Jeddah Islamic Port, which is the largest port and center that forms a major link to facilitate the smooth transportation of goods between the east And the West in Saudi Arabia.
The Group continues to focus on maintaining a disciplined investment approach to providing integrated supply chain solutions to cargo owners. For 2020, it will focus on merging its recent acquisitions and managing costs to protect profitability.
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