The Strategist

Profit of DP World port operator goes 26.8% up in the first half of 2019

08/22/2019 - 11:47

Net profit attributable to shareholders of the world port operator DP World (owned by the government of the emirate of Dubai) grew by 26.8% in annual terms to $ 753 million in the first half of the year.

Earnings per share were $ 0.9 versus $ 0.72 a year earlier. EBITDA rose 21.9% to $ 1.611 billion.

Revenue increased by 31.9% to $ 3.46 billion. The company explains the increase in revenue by acquisitions and an increase in revenue from non-container transportation.

"The current year has been marked by a trade dispute between China and the United States, and although this has caused uncertainty, it’s nice to note that container traffic is still expected to increase, even within 1-3%," DP World reports.

DP World is engaged in port transport, operating in 40 countries. The company employs more than 50 thousand people.