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Monday, 20 March 2017

DP World profits benefit from purchases in UAE and abroad | The National

DP World profits benefit from purchases in UAE and abroad | The National:

"The ports operator DP World’s profit for 2016 on a reported basis jumped almost 30 per cent as acquisitions in the UAE and Canada boosted earnings. The Nasdaq Dubai-listed firm said profit attributable to owners of the company rose 27.6 per cent to US$1.12 billion thanks to a full-year contribution from Jebel Ali Free Zone and the firm’s terminal in Prince Rupert, Canada. On a like-for-like basis, profit attributable to owners of the company, was up a more modest 6.2 per cent, DP World said in a statement. However, consolidated throughput at its ports fell 1.6 per cent on a like-for-like basis to 29.24 million twenty-foot equivalent units (TEUs)."



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