DP World boosts profit by 12 percent to $310m

DP World announced on August 29, 2012 financial results from its global portfolio of marine terminals for the first six months of 2012, the Company press release said.

In the reporting period profit before tax reached $310 million with underlying growth of 12%. Revenue of the Company increased to $1,529 million with underlying growth of 10%. Net cash from operating activities totaled $518 million.

DP World Chairman Sultan Ahmed Bin Sulayem commented:
“The past six months has been a challenging period for the global economy.  Taking this into account, it is very encouraging that DP World has been able to show good profit growth across its global portfolio, led by  its key markets of Africa, the Middle East and South America.”