Wednesday 29 August 2012

DP World's H1 profit flat, cites global climate | Reuters

Dubai's DP World, the world's third largest port operator, reported flat profits for the first half of this year, citing an uncertain global economic climate.

The company, one of the more profitable assets of debt-laden Dubai World, made a profit of $247 million, barely changed from $246 million in the year-earlier period, it said on Wednesday.

Revenue for the six months ended June 30 was $1.53 billion compared to $1.50 billion in the prior-year period.

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