Tristar reports strong H1 results

DUBAI: Tristar Group, the global integrated energy logistics company, announced its management results for the half year ended June 30, 2021.

The group’s performance in the six months ended June 30, 2021 continues to be positive and demonstrates the resilient business model of Tristar. The group’s consolidated revenue grew by 9.1 per cent in comparison with the same period in 2020 and Ebitda and net profit both reported a significant increase year-on-year by 26.0 per cent and 66.5 per cent, respectively. These figures were also higher than the management budget for the same period.

Eugene Mayne, Group CEO of Tristar said: “Our performance in the first half of 2021 reflects improving market conditions and our ability to be a resilient and diversified business model. We continue to have strong pipeline of growth opportunities across all our business segments, which we are confident of leveraging upon to deliver attractive returns to our shareholders. We pride ourselves on our long-standing relationships with our blue-chip clients who have been key enablers to our continued success.”

Tristar is a global business, headquartered in Dubai, which offers end-to-end fuel logistics solutions to blue-chip clients including international and national oil companies and intergovernmental organizations. Its integrated energy logistics platform spans road and maritime transportation, specialized warehousing, fuel farms, commercial aviation refueling and fuel supply operations.