08/08/2024
Financial Highlights for Q2 – 2024 YTD
Year to Date Q2 2024 Revenue & Profit significantly higher than last year driven by tariff increase and volume growth.
![fh-q-2-2024](/bahrain/-/media/mainsite/africa-and-middle-east/Bahrain/news/2024/fh-q-2-2024.png?h=226&w=450&rev=0cd603248478463a80933e791527b48f&hash=62789193600801552481FD63AEA7196A)
- 2024 YTD Q2 revenue is 9% higher than last year, driven by 7% tariff increase and 2% volume growth. Container revenue is+8% higher than last year, with container volumes growing by 2% on account of higher import and export. General cargo revenue is 16% higher than last year, driven by tariff increase and volume growth from sugar, aluminium, sulphur and project cargo.
- Profit for the period increased by 30% vs. last year, mainly driven by revenue growth through volume and tariff increase. It was further improved by cost savings driven by renegotiating key contracts and optimizing resource deployment and equipment repair spend.
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