Financial Commentary APM Terminals Bahrain Q3 2019 Interim Financial Results

Total comprehensive income in Q3 2019 increased by 2.5% vs Q3 of last year predominately driven by higher revenues.

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  • Revenue increased 7.1% due to the improvement in both General cargo (+21.3%) and Marine business (+12.5%)
  • Profitability improved with operating profit increasing 10.4% to BHD 3.0 Mill reflecting a margin of 29.0%
  • Net income boosted by 2.5% to BHD 2.6 Mill reflecting strengthened revenue, effective cost management and higher interest income

* At comparable basis, IFRS16 adjusted Net income in 2019 Q3 would result at BHD 2.7 Mill which is 7.1% increase compared with 2018