DP World Says 2012 Ebitda Matched $1.31 Billion Estimate - Bloomberg

DP World Ltd. (DPW) expects full-year Ebitda to be in line with analysts’ estimates of $1.31 billion as the world’s third-largest port operator manages costs and benefits from lower net financing charges.
Container volumes rose 2.4 percent to 56.1 million twenty- foot equivalent units across it operations last year, DP World said in a statement to Nasdaq Dubai today. Adjusting for divestment of four joint-venture terminals, like-for-like gross container volume growth was 3.7 percent.
“After a strong start to the year we had a challenging second half,” Chief Executive Officer Mohammed Sharaf said in the statement. “Our tight focus on cost management and higher quality revenue mean we still expect to achieve Ebitda in line with expectations for 2012. Lower net financing charges will benefit reported profit before tax.”
DP World Says 2012 Ebitda Matched $1.31 Billion Estimate - Bloomberg