DP World profits up 27% in half year

DP World’s profits attributable to the company owners soared by 27% to US$753m in the first half of 2019, bolstered by acquisitions and growth in non-containerised revenue.

Conolidated throughput was up by 4.9% across the terminal portfolio to 19.5m teu although it was down by 1.7% on a like-for-like basis, highlighting the contribution of new investments.

The terminal operator’s like-for-like earnings were up by 22% as the company continued with its diversification strategy, aiming to participate across a wider part of supply chain.