Port operator DP World reports higher profits on rising volumes

Port operator DP World reports higher profits on rising volumes:

"Dubai’s DP World reported a 7 per cent increase in profit to $1.2bn for 2017 on rising volumes that the port operator said had outperformed the market.

Full-year revenue grew 13.2 per cent to $4.7bn, driven by gross throughput growth of 10 per cent to 70m twenty-foot equivalent units as global trade rebounded. 

The company, which is controlled by the Dubai government, gave an optimistic forecast for 2018 despite political concerns. "



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