Financial Highlights for Q1 2024 YTD

bahrain financial highlightsQ1 2024 Revenue & Profit higher than last year driven by Tariff increase and general cargo volume growth

  • 2024 YTD Q1 revenue is 9% higher than last year. Container revenue remained in line with last year Q1 while general cargo increased by 29% compared to last year due to shift of aluminum from Container along with higher steel and sulphur volumes. Marine revenue increased by 6%.
  • Profit for the period increased by 24% vs. last year, mainly driven by volume growth in general cargo and and Tariff increase. Further improved by cost savings driven by renegotiating key contracts and optimizing resource deployment.