Flat half year profits for DP World despite throughput growth

DP World’s year-on-year attributable profit fell by 0.3% to US$606m in the operator’s half year report, despite solid growth in both container traffic and revenue.

Strong volume across all three DP World regions meant gross throughput increased by 8.2% to almost 34m teu, while revenue rose by 9.6% to US$2.295bn.

DP World CEO, Sultan Ahmed Bin Sulayem, said: “Our balance sheet remains strong and we continue to generate high levels of cashflow, which gives us the ability to invest in the future growth of our current portfolio, and the flexibility to make new investments should the right opportunities arise.”