DUBAI: Global port operator DP World says its profit rose 10 percent in 2018 despite worldwide tensions over trade amid a trade war between China and the US and fears about Britain leaving the European Union.
The port operator on Thursday reported profits of around $1.29 billion, up from around $1.17 billion the year before.
Its revenue for the year was $5.6 billion, up from $4.7 billion the year prior. That’s a revenue increase of 19.8 percent for the port operator.
DP World has expanded aggressively into new markets, including into East Africa, where the Emirati government as well as begun building new military bases. In February, Al-Shabab militants shot and killed a Maltese man working for DP World in Somalia, saying the UAE firm “occupies” the area.
Dubai-based port firm DP World reports $1.29 billion profit in 2018
Updated 14 March 2019
Dubai-based port firm DP World reports $1.29 billion profit in 2018
- Its revenue for the year was $5.6 billion, up from $4.7 billion the year prior
