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DP World H1 net profit rises 9.1pc

Dubai, August 29, 2013

DP World, the world's third-largest port operator, reported a 9.1 percent rise in attributable profit for the first half of the year, but warned of continued uncertainty and challenging market conditions in some regions.
 
The company, one of the more profitable assets of debt-laden Dubai World, made an attributable profit of $264 million compared to $242 million in the corresponding period of 2012, the company said in a statement on Thursday.
 
Revenue for the six months ended on June 30 changed little at $1.51 billion compared with $1.53 billion in the prior-year period.
 
DP World, which has been selling assets globally, said it had realised $158 million of profit from monetisation of assets this year.
 
The company's group chief executive Mohammed Sharaf said the outlook remained uncertain and market conditions in some regions were challenging.  - Reuters



Tags: DP World | Dubai | shipping |

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