Port operator DP World half-yearly profits up 50 percent


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

DUBAI, United Arab Emirates (AP) — One of the world's largest international port operators, DP World, has announced a 50-percent rise in profits of $609 million attributable to shareholders for the first half of the year.

The Dubai-based port operator said Thursday its half-year revenues peaked to $2.09 billion, up from $1.9 billion the same time last year.

DP World's acquisitions of Dubai's Jebel Ali Free Zone and Canada's Prince Rupert Terminal attributed to some of that growth.

DP World, which trades on the Nasdaq Dubai, ranks among the world's largest port operators, with business at 70 marine terminals in 31 countries around the world. The government-backed firm's full-year revenues in 2015 were $3.9 billion, with profits of $883 million.

___

Online:

DP World: http://web.dpworld.com/

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 This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast