After stripping out extraordinary profits on the sale of an Australian operation the quoted Dubai-based global ports operator DP World reported just a 1.5 per cent growth in profits to $237 million in the first half of 2012, despite a 7.5 per cent rise in container volumes and 9.9 per cent increase in revenues.
When the sale of its Australian ports business is included the bottom line is more flattering with pre-tax profits up 12.1 per cent to $310 million. Should DP World not be producing better profits during a period of expanding global trade?
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