Acquisitions boost revenue and profit 5% at DP World

Profit attributable to the owners of DP World rose by 5.1% to US$1.27bn last year as new investments drove substantial revenue growth for the operator.

Revenue jumped by 19.8% to US$5.6bn, driven by the acquisition of Drydocks World, Dubai Maritime City (DMC), Cosmos Agencia Maritima, Continental Warehousing Corporation (CWC) and the Santos consolidation. On a like-for-like basis, revenue increased by 4.2%.

The company made a capital expenditure of US$908m last year, below the group’s guidance of approximately US$1.4bn.