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FINANCIAL NEWS
Dubai’s DP World reports USD532m profit in 2011
29 Mar 2012
(MENAFN) The world’s third port operator DP World reported 18 percent increase in profits in 2011, driven by rising cargo volumes through its network of terminals, AP reported.
The Dubai-based company said it made a USD532 million net profit last year from USD450 million in 2010. The gains were made despite a 3 percent dip in sales to USD2.98 billion.
After making adjustments for one-time items in earnings, profit was up 67 percent to USD751 million, the company said.
DP World, part of the Dubai World state conglomerate, operates in more than 60 sea cargo terminals on six continents.
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