DP World’s outlook uncertain despite resilient H1 2023 results
DP World has warned of an “uncertain” outlook, due to volatile geopolitical and economic fluctuations, after its revenue growth was offset by a 10% drop in profits attributable to the owners of the company in the first half of the year.
A 14% increase in revenue to US$9.04bn was mainly attributed to the full six months consolidation of Africa-based Imperial Logistics.
On a like-for-like basis, revenue increased by 7% driven by Imperial Logistics and Drydocks World in the UAE.
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