DP World increases profit by 12%

DP World recently announced its financial results from its global portfolio of marine terminals for the first six months of 2012, reporting profit before tax at US$310m, 12% ahead of the prior period on an underlying basis.

DP World Chairman Sultan Ahmed Bin Sulayem said: “The past six months has been a challenging period for the global economy. Taking this into account, it is very encouraging that DP World has been able to show good profit growth across its global portfolio, led by its key markets of Africa, the Middle East and South America.”

Some of the highlights of the report revealed that revenue increased to US$1,529m with underlying growth of 10%, strong improvement in EBITDA to US$672m with underlying growth 11%, profit before tax was US$310m with underlying growth of 12% and net cash from operating activities of US$518m among others.

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