DP World Ltd. (DPW), the worldâs third- biggest port operator, posted an 82 percent increase in full- year profit, helped by gains from the part-sale of its terminals in Australia and as container volumes rose.
Net income climbed to $683 million from $375 million a year earlier, the Dubai-based company said in statement to Nasdaq Dubai today. Profit before separately disclosed items rose 23 percent to $459 million, it said.
âWe have benefited from the improvement in global container volumes whilst retaining a very clear focus on generating additional revenue, driving productivity and upholding a disciplined approach to cost management,â Chief Executive Officer Mohammed Sharaf said in the statement.
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