Tristar Group, a leading integrated energy logistic provider in Middle East, has announced its performance and growth results for H1 2024. The company has reported an EBITDA growth of 27% YoY in the first half of the year, reaching an impressive net revenue of $545 million as of June 30, 2024. This massive growth in revenue reflects on Tristar’s innovations and expansions in the integrated energy logistics sector in the past 2 years. Tristar is also set to launch the Middle East’s first ever hybrid bunker barge in 2025.
“The first half of 2024 has seen special projects go live, with the Sri Lanka new retail fuel business which started commercial operation from March 2024. “The company is currently engaged in serious negotiations for several blue-chip projects with oil majors that will ensure long term financial and environmental sustainability for the group beyond the immediate future.” Eugene Mayne, Group CEO of Tristar said.
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