Financial highlights for 2021 Q1

2021 Q1 profit reduced by 16% compared with 2020 as a result of lower revenue and higher royalty cost partially compensated by multiple cost initiatives.

• 2021 Q1 revenue decreased by 4% compared with 2020. Global empty container shortage disrupted the container revenue. Final stage in BAPCO modernization project ramped down general cargo volume. Despite lower revenue in both container and general cargo revenue, Marine revenue increased by 21% compared with 2020. 
• Profit for the period reduced by 16% to BHD 2.3 mn, driven by headwind in revenue and increase in royalty cost per concession agreement, slightly compensated by various cost saving initiatives in staff cost and procurement.