Thursday 27 August 2009

Dubai's DP World H1 profit falls 34 percent

Port operator DP World's first-half profit from continuing operations after tax fell 34percent to $188 million, the company said on Thursday, amid a decline in container volumes.

"The first six months of 2009 have continued to present a very challenging operating environment across the portfolio," the Dubai-based firm said in a filing on the Nasdaq Dubai.

DP World said it had 2008 first half profit of $287 million.

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