Dubai's DP World plays down trade tensions as annual profit jumps 10 percent | Reuters:
DP World, one of the world’s biggest port operators, said on Thursday its business could weather international trade tensions, after reporting a 10.2 percent rise in 2018 profit.
“Current year has started with trading in line with expectations and whilst the near-term outlook remains uncertain with the trade war and geopolitical headwinds, we expect our portfolio to remain resilient and see increased contributions from our recent acquisitions and investments,” Sultan bin Sulayem, DP World chairman, said in a statement.
The Dubai state controlled firm said it made a profit attributable to owners after separately disclosed items of $1.3 billion compared to $1.18 billion in 2017.
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