** ADQ-owned port operator Abu Dhabi Ports Company ADPORTS slides 4.1% to 4.16 dirham a share on Q2 profit miss
** Stock set for worst day since July 11; among top losers on Abu Dhabi benchmark FADGI which was 0.1% down
** AD Ports’ Q2 profit declined 4% year-on-year to 321 million dirhams ($87.40 million), below market expectations
** The company attributes weak growth to higher depreciation, amortization, and finance costs
** About 3.2 mln shares changed hands as of 0800 GMT, more than double the 30-day moving avg
** 5 of 7 analysts rate the stock “Buy” or higher, while two others rate it “Sell” with median PT of 6.67 dirham- LSEG data
** YTD loss widens to 18.1% vs index gain of 9.3%
Source: Reuters