“DBDDRDD” is revenue at 73.4 billion dirhams during 2024

Dubai Ports World Group «DPDDRED) announced its financial results for the year ending December 31, 2024, and the group stated in a statement yesterday that its revenues recorded a growth on a declared basis of 9.7% to 20 billion dollars (about 73.45 billion dirhams), while the amended profits increased before deduction of benefits, taxes, destruction and consumption by 6.7% to reach 5.5 billion dollars (about 20.2 billion Dirham), the margin of profitable profits before deducting interest, taxes, depreciation and consumption reached 27.2%.

The group attributed the growth of revenues by 9.7%, mainly, to the improved performance of the ports and stations, in addition to the contributions resulting from new acquisitions and privileges.

In turn, the ports and stations revenues for each stereotype of 20 feet increased by 13.9% on the basis of homosexuality, driven by strong growth in both the Middle East and the Americas, the year’s profits amounted to $ 1.5 billion, and DP and Recore attributed the decrease of profit for the year by 2.0%, to the high cost of financing.

According to the financial and operational results, the absorptive capacity of the “DBDDRD” exceeded 100 million stereotypes measuring 20 feet, as a result of selective investment in infrastructure within the main high -growth markets, and capital expenses of $ 2.2 billion (compared to $ 2.1 billion in 2023) were invested via the current portfolio.

The group explained that the budget of capital expenses for 2025 is about 2.5 billion dollars, which will be invested mainly in the port of Jebel Ali (the UAE), “Global Dry Pinks”, the free zone in Jabal Ali (the UAE), the “Tuna Tikr” container (India), the “London Getawi” (UK) port, the “Nadiane” port (Senegal), and the port of Jeddah (Saudi Arabia).

According to “DBDDDDDD”, the cash resulting from operational activities increased by 18.9% to reach 5.5 billion dollars in 2024, compared to $ 4.6 billion in 2023.

“DBDDRDD” confirmed that it has achieved a strong financial performance in 2024, despite the ongoing challenges caused by the uncertainty related to geopolitical risks and accelerating changes in the World Trade Environment, pointing out that it has a strong position that enables it to achieve long -term growth, taking advantage of the integrated supply chain and its strategic investments to achieve sustainable value.

“We are proud to achieve record returns of $ 20 billion, and we recorded profits before deducting interest, taxes, depreciation and consumption of $ 5.5 billion for the year 2024, an exceptional achievement that reflects our strength and flexibility in facing challenges within the complex geopolitical scene.”

He added, “These results confirm the effectiveness of our strategy that focuses on high -profit shipments, and to provide integrated and comprehensive solutions for the supply chain, in addition to adopting a strict approach in cost management, which strengthened our competitive position, and led to this distinguished performance.”