DUBAI, United Arab Emirates (AP) - Global port operator DP World is reporting stronger financials for the first half of 2019, with revenue up nearly 32% and profits up almost 27% from the same period last year.
The port operator said revenue for the first half of the year reached $3.46 billion and profits reached $753 million. The company’s earnings before interest, tax and other fees grew nearly 22% at $1.6 billion.
The company appears to be on course to surpass last year’s profits of $1.29 billion.
People were interested in these podcasts
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said Thursday despite global trade disputes and regional geopolitics causing uncertainty to the container market, the company’s half-year performance leaves it “well placed to deliver full-year results slightly ahead of market expectations.”
Please read our comment policy before commenting.