DP World increased its profits by 1.5 times
DP World increased revenue by 21.3% to $ 4.94 billion.
Adjusted by EBITDA rate increased by 18.2% to $ 1.813 billion in the first half of the year, according to the company’s financial report. Nett profit was $475 million. This is 51.9% more than a year earlier.
The volume of capital investments in the first half of the year amounted to $687 million, SeaNews reports. In total, it is planned to invest about $1.2 billion during the year.
The company plans to invest in its facilities in the UAE and Canada, in the ports of Jeddah (Saudi Arabia), Berbera (Somalia), Sokhna (Egypt), Luanda (Angola), London Gateway (UK) and Callao (Peru), as well as in P&O Ferries.
The near-term outlook is positive, but growth is expected to slow, the group said.