Dubai logistics company Tristar sees solid net profit gain in first quarter 2021
Net profit gain came to 9.3%, with Tristar bolstered by repeat businesses
Dubai: The Dubai based logistics operator Tristar recorded gains on net profit for the first three months of 2021, while revenues "continued to demonstrate resilience". While EBITDA was up 9.9 per cent on a year-on-year basis, it was 9.3 per cent on net profit.
“Our business has achieved considerable success over the last 23 years and will continue to deliver growth and returns going forward," said Eugene Mayne, Group CEO. "We have a strong pipeline of growth opportunities which will deliver visible EBITDA growth going forward.
"The Group’s consolidated revenue continued to demonstrate resilience whilst EBITDA and net profit both reported an increase year-on-year. We pride ourselves on our repeat business with our global blue-chip clients.”