(Dubai, UAE): Tristar Group (“Tristar” or “the Company”), the global integrated energy logistics company, announced its management results for the three months ended 31 March 2021.
The Group’s performance in the three months ended 31 March 2021 showed solid progress compared to the three months ended 31 March 2020. The Group’s consolidated revenue continued to demonstrate resilience whilst EBITDA and net profit both reported an increase year-on-year by 9.9% and 9.3% respectively and were above management budget driven by positive performance across all four segments.
Eugene Mayne, Group CEO of Tristar said: “Our business has achieved considerable success over the last 23 years and will continue to deliver growth and returns going forward. 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 long-standing relationships and repeat business with our global blue-chip clients, both of which have been key enablers to the company’s continued success.”
About Tristar:
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.
It operates in 21 countries and territories across 3 continents and has over 20 years proven legacy of operational quality making it a partner of choice to its customers, with a track record of profitable growth. The company operates to the highest international health, safety, environmental and compliance standards and receives awards for its exemplary record of operational and safety excellence, as well as sustainability initiatives.
© Press Release 2021
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