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FINANCIAL NEWS
Dubai’s DP World revenue falls in 2013
20 Mar 2014
(MENAFN) Dubai-owned port operator DP World has reported a drop in annual revenue on the back of tough domestic market conditions, according to Arabian Business.
The port operator, which is the world’s fourth largest, reported a 10.9 percent rise in annual net profit attributable to shareholders reaching USD604 million in 2013.
However, annual net profit dropped 13.4 percent in 2013 compared to the USD738 million reported in 2012.
DP World had disclosed items of USD48 million, mostly relating to a USD158 million profit on asset sales and a USD99 million impairment of assets.
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