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DP World’s revenue grew by 3.3% to $9,335 million in HI 2024

DUBAI/WAM DP World Limited today announced resilient financial results for the first six months to 30 June 2024. On a reported basis, revenue grew by 3.3% to $9,335 million while adjusted EBITDA3 decreased by 4.3% to $2,497 million with an adjusted EBITDA margin of 26.8%. Like-for-like gross container volumes growth of 6.1% driven by strong growth in Americas, Europe, Asia ...

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AD Ports Group completes Tbilisi Dry Port acquisition to become majority owner

ABU DHABI/WAM AD Ports Group on Thursday announced the completion of the acquisition process of the Tbilisi Dry Port, which sees the Group become the majority owner with a 60% stake. The state-of-the-art, rail-linked, and custom bonded intermodal logistics hub, in Georgia – scheduled to be operational in October 2024 – further strengthens the Group’s role in connecting Asia and ...

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