Healthy revenue growth at DP World

DP World has enjoyed a strong first six months of 2018 with revenue increasing by 14.4% to US$2.6bn, supported by container volume growth and the impact of new acquisitions including Drydocks World LLC (Drydocks), Dubai Maritime City (DMC) and Cosmos Agencia Marítima (CAM).

Like-for-like revenue increased by 3.0% driven by a 4.6% increase in total containerised revenue.

Profit dropped 2.1% to US$593m on a reported basis owing to the controversial deconsolidation of Doraleh Container Terminal (DCT) caused by a dispute with the Djibouti government, as well as the consolidation of DP World Santos, which remains in ramp up stage. However, profit grew by 5.2% on a like-for-like basis.