DP World profit leaps 26.6 per cent in 2013 | GulfNews.com

DP World profit leaps 26.6 per cent in 2013 | GulfNews.com:



"DP World reported on Thursday a 26.6 per cent increase in net profits for 2013 to $604 million, compared to $555 million in 2012.



The board of DP World is now recommending a total dividend of $190.9 million, or 23 US cents per share. A 10 per cent increase in the ordinary dividend.



The Dubai-headquartered global terminal operator stated that growth was due to strong performances from operational terminals although it faced capacity constraints with a number of key locations.



The company’s revenue in like-for-like terms jumped 3.6 per cent to $3.073 billion, powered by a 4.6 per cent increase in container revenue per TEU (twenty-foot equivalent units).



“Our portfolio remains well positioned to capitalise on the significant medium to long-term growth potential of this industry due to our continued focus on the faster growing markets and stable origin and destination cargo. This positioning combined with our ability to add new capacity will enable us to deliver both earnings growth and shareholder value over the long term,” stated Sultan Ahmed Bin Sulayem, DP World Chairman."



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