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AD Ports Group Q2 profit surges on boost from trade through Hormuz alternatives

Abu Dhabi's AD Ports Group reported an 86 per cent annual rise in its second quarter net profit as the company managed to diversify its trade routes away from the Strait of Hormuz, which remains blocked amid the Iran war. Net profit attributable to the owners of the company for the three-month period reached Dh596.7 million ($162.4 million), AD Ports said on Friday in a statement to the Abu Dhabi…

AD Ports Group Q2 profit surges on boost from trade through Hormuz alternatives

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