
Dubai's DP World, one of the world's largest port operators, said Thursday its half-yearly profit has surged 21.9 percent to $405 million, aided by the acquisition of a logistics provider.
Revenues grew 14.5 percent to $1.9 billion, it said.
DP World's ports handled 14.378 million TEUs (twenty-foot equivalent units), the standard used for sizing containers in the shipping industry, 3.5 percent up from last year.
DP World Chairman Sultan Ahmed bin Sulayem said the "strong set of results" were "aided by the acquisition of EZW", the logistics provider.
Economic Zones World is an operator of economic zones, technology, logistics and industrial parks. Its portfolio includes Dubai's Jafza, one of the world's largest free zones.
DP World runs more than 65 marine terminals across six continents, including Dubai's Jebel Ali port, the largest in the Middle East.
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor