×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: ML | Dubai | Earns | DP World

Port Operator DP World Half-yearly Profits up 22 Percent

Thursday, 27 August 2015 12:48 PM EDT

DUBAI, United Arab Emirates (AP) — Dubai-based international port operator DP World says its net profits for the first half of the year reached $405 million, up 22 percent compared to the same period last year.

The company said in a statement Thursday that half-yearly revenue was up 14.5 percent at $1.9 billion, compared to $1.66 billion a year ago.

DP World attributed some of that growth to its $2.6 billion acquisition of Dubai government-linked free-trade zone operator Economic Zones World. The company expects "moderate" growth rates for the second half of the year.

DP World, which trades on the Nasdaq Dubai, ranks among the world's largest port operators, with business at more than 65 marine terminals globally. The government-backed firm recorded $675 million in profit attributable to its owners for last year.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
Dubai-based international port operator DP World says its net profits for the first half of the year reached $405 million, up 22 percent compared to the same period last year.The company said in a statement Thursday that half-yearly revenue was up 14.5 percent at $1.9...
ML,Dubai,Earns,DP World
132
2015-48-27
Thursday, 27 August 2015 12:48 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved