DP World reports growth in 2016 profit
DP World has reported a 30% rise in profit to US$1.26bn last year thanks to the acquisition of the Jebel Ali Free Zone in the United Arab Emirates (UAE).
On a like-for-like basis, which does not include the addition of new capacity at Jebel Ali Free Zone, Yarimca in Turkey, Stuttgart in Germany, Antwerp Inland in Belgium and Prince Rupert in Canada, profit for 2016 was up by 9% year-on-year.
The company reported a 4.9% growth in revenue to US$4.2bn boosted by full year contribution of the free zone and Prince Rupert.
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