APMT releases financial highlights of 2024

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APMT release financial highlights for FY 2024
APM Terminals (APMT) has reported a 9.4 per cent year-on-year increase in revenue, driven by volume growth and tariff adjustments.

Container revenue rose by 10 per cent, with a 3 per cent increase in container volumes, primarily due to higher imports.

General cargo revenue saw a 15 per cent rise, supported by growth in break bulk volumes of aluminium and steel, while marine revenue increased by 2 per cent.

READ: Rocsys deploys charging platform at APMT Maasvlakte II

Profit for the period increased by 30.9 per cent compared to last year, mainly driven by revenue growth.

This was further improved by cost savings through renegotiating key contracts, and optimising resource deployment and equipment repair expenses.

Last week, APMT signed the Letter of Intent (LOI) with the Ministry of Transportation and Telecommunications to deepen the company’s collaboration with Bahrain.

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