Logistics hub acquisition pushes DP World profits up 31%

The acquisition of free zone Economic Zones World (EZW) helped DP World’s profit, attributable to the company’s owners, leap by 30.7% to US$883m in 2015.

Despite limited container volume growth of 2.7%, the terminal operator’s increase in capacity at Rotterdam, London Gateway, EZW and Yarmica saw its revenue climb 16.3%

On like-for-like terms at constant currency excluding the addition of new capacity, revenue was only up 5.6%, profit attributable to DP World’s owners up 6.2% and throughput 1.7% higher.