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24/08/2017 - 20:03hs

DP World profit up 16%

The Dubai-based port operator reported positive first-half results. It saw revenue go up by 3%.

Dubai – DP World, the multinational port operator based in Dubai, reported USD 606 billion in profit in the first half of the year, up 15.8% from H1 2016. Revenue was up 3% to USD 2.295 billion, with EBITDA (earnings before interest, taxes, depreciation and amortization) going up 7% to USD 1.225 billion. The information was made public by the company this Thursday (24).

The company named as drivers of its performance the improvement in the international scenario and increased market stakes via new shipping alliances, which led to an increase in volumes handled in Q2. DP says it’s well prepared to meet demand from the market as a whole. In Brazil, the company is a partner at container terminal Embraport, in the Port of Santos.

*Translated by Gabriel Pomerancblum

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