Dubai-based international marine terminal operator DP World says that it intends to seek dual listing on the London Stock Exchange (LSE) during March 2011.
The company, currently listed on the Nasdaq Dubai Exchange, says that it plans to wait till the release of its financial results in March 2011 before embarking on the LSE listing.
"The balance sheet gets signed in March next year for 2010, soon thereafter, we shall be filing," Yuvraj Narayan, chief financial officer of DP World told Reuters.
According to Reuters, DP World has delayed plans for an LSE listing earlier this year as it awaited a link between a unified trading platform in Dubai and the LSE.
DP World handled 23.7 million TEUs (twenty-foot equivalent container units) across its portfolio of 50 operating terminals in the first half of 2010, recording an increase of 16% against the same period last year.
The company also reported a 4% volume growth and an improvement in EBITDA margins for the first two months of 2010 from the final quarter of 2009.
The company, currently listed on the Nasdaq Dubai Exchange, says that it plans to wait till the release of its financial results in March 2011 before embarking on the LSE listing.
"The balance sheet gets signed in March next year for 2010, soon thereafter, we shall be filing," Yuvraj Narayan, chief financial officer of DP World told Reuters.
According to Reuters, DP World has delayed plans for an LSE listing earlier this year as it awaited a link between a unified trading platform in Dubai and the LSE.
DP World handled 23.7 million TEUs (twenty-foot equivalent container units) across its portfolio of 50 operating terminals in the first half of 2010, recording an increase of 16% against the same period last year.
The company also reported a 4% volume growth and an improvement in EBITDA margins for the first two months of 2010 from the final quarter of 2009.