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FINANCIAL NEWS
UAE’s DP World profits logs 22 percent growth in H1
28 Aug 2015
(MENAFN) Global marine terminal operator DP World declared a surge of 22 percent in its net profit in the first six months, recording USD405 million compared to USD322 million in 2014, plus total income went up by 14.5 percent.
The growth was mainly aided by the acquisition of the Economic Zones World (EZW) back in 2015; moreover, this financial progress has been achieved despite risky market conditions.
DP World invested more than USD3.5 billion in takeovers in 2015, accordingly, DP’s chairman stressed that this investment leaves the firm well placed to capitalize on medium to long-term growth potential of this industry.
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