DP World profit gain exceeds forecasts after Dubai free zone acquisition | The National:
"DP World’s net profit rose by 30.7 per cent last year, beating analyst expectations, thanks to the port operator’s acquisition of a free zone in Dubai in 2014 and growth in throughput, the company said.
The company expects growth this year despite uncertain market conditions. The shares rose 8.8 per cent to US$19 on the Nasdaq Dubai.
“While 2016 is expected to be another challenging year for global trade, we have made an encouraging start to the year and current trading is in line with group expectations," said Sultan bin Sulayem, the chairman and chief executive."
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