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FINANCIAL NEWS
DP World posts strong operational growth in Q1
27 Apr 2010
(MENAFN) DP World Limited said that its operational terminals have seen strong growth in the first quarter of the year, with its container volumes rising 6 percent to hit 6.3 million TEU (20-foot equivalent container units).
DP World said in a press statement that it had handled over 43.4 million TEU across its portfolio from the Americas to Asia last year.
Chief Executive Officer, Mohammed Sharaf, said that the firm’s portfolio of 49 operational terminals has seen gross volumes grow 15 percent to 11.2 million TEU, driven by strong growth in Asia Pacific and Australia.
Sharaf added that the return of volume growth this year, along with cost reduction and efficiency initiatives, will deliver an improvement in overall results.
He also pointed out that DP World remains committed to listing its shares on the London Stock Exchange and is focused on completing the process as soon as possible.
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