Dubai's DP World reports flat half-year profit
[DUBAI] DP World, one of the world's largest port operators, reported a flat half-year net profit on Thursday.
Profit attributable to owners of the company stood at US$606 million in the six months to June 30, DP World said in a bourse statement. This compares with a profit of US$608 million in the corresponding period last year.
DP World's revenue for the first half increased 9.6 per cent to US$2.29 billion.
DP World's P&O Maritime subsidiary acquired Spanish maritime services operator Reyser from Bergé y Cía SA, the company said in June.
Qatari vessels have been banned from the company's terminals in the United Arab Emirates since June as part of an on going dispute between four Arab countries, including the United Arab Emirates, and Qatar.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources