Dubai-based DP World net income hits USD1bn
20 Mar 2017
(MENAFN) Dubai-based global marine terminal operator DP World proclaimed its financial results from its global portfolio for last year, which saw the firm achieve net income of more than USD1bn.
Moreover, profit increased by 4.9 percent and adjusted EBITDA at USD2.263bn increased 17.4 percent with adjusted EBITDA margin of 54.4 percent.
Meanwhile, revenue grew 1.3 percent, adjusted EBITDA increased by 6.6 percent with adjusted EBITDA margin of 52.6 percent.
In addition, the group issued USD1.2bn in a new 7-year sukuk transaction at improved terms, refinancing USD1.1bn of the existing 2017 sukuk amid a tender offer.