Financial highlights for 2022 FY

bahrain-2022-results

2022 Profit remained in line with last year despite stagnant Revenue

  • Operating profit increased by 1%  vs. last year mainly driven by provision reversal and cost optimizations. Subcontractor & equipment handling cost are higher than last year driven by volume upside on aluminum operations and higher spend on asset maintenance projects
  • 2022 FY revenue is slightly lower than last year. Container revenue remained in line with last year, Marine grew by 1%, while General cargo reduced by 14% compared to last year due to loss of Steel volumes as SULB private jetty became operational along with lower project dependent volumes