DP World's profit and revenues grow
DP World has reported year on year increases in net profit and revenue for the year 2010.
Net profit rose to US $450 million from $333 million and revenue increased to US $3.08 billion from $2.82 billion.
Throughput reached 27.8 million TEUs, up from 25.6 million the year before.
“Our 2010 results, with profit before tax in excess of $500 million, reflect a return of container volume growth and greater revenue generation, together with the benefits derived from our cost cutting measures and improved terminal efficiencies implemented since the downturn,” said Mohammed Sharaf, chief executive officer.
The Board is recommending a full year dividend of 0.86 US cents per share, equating to a total dividend payment of US $143 million.