DP World increases profits after acquisition of logistics firm

Terminal operator DP World has announced a 22.3% increase in pre-tax profit in the first half of the year compared to the same period in 2014.

Five months after the acquisition of logistics infrastructure firm Economic Zone World, the Dubai-based company announced in its interim results that its profit before tax went up from US$432m in the first half of 2014 to US$529m in the six months up to 30 June, 2015.

DP World’s consolidated throughput rose by 3.5% to 14.4m teu for the first six months of 2015 from 13.9m teu in the same period last year.