Giant UAE port operator posts rise in 2018 profit | The Daily Star
12:00 AM, March 15, 2019 / LAST MODIFIED: 12:00 AM, March 15, 2019

Giant UAE port operator posts rise in 2018 profit

Dubai port and logistics giant DP World said Thursday its net profit for 2018 rose over five percent on increased trade and higher returns from new acquisitions.

The global provider, which runs port operations in over 40 countries, said in a statement that it posted a net profit of $1.27 billion in 2018, compared to $1.21 billion the previous year.

"This robust performance has been delivered in an uncertain trade environment, once again highlighting the resilience of our portfolio," said DP World chairman and CEO Sultan Ahmed bin Sulayem.

He said DP World had made new acquisitions worth $2.5 billion last year, strengthening its presence around the world.

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