Diversity pays off for DP World as profits rise strongly in a weakened market

August 23, 2019 Alexander Whiteman

Betting big on logistics looks likely to pay off for DP World, with the port operator reporting double-digit profit growth, despite a weakened container market.
Profits (reported as adjusted ebitda) climbed 21.9%, to $1.6bn, on the back of $3.4bn in revenues, up 31.9%, during the first six months of 2019.
Chief executive Ahmed Bin Sulayem said: “DP World is pleased to report like-for-like earnings growth of 22% in the first half of ...

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