DUBAI, UAE: DP World, a leading enabler of global trade and an integral part of the supply chain, has closed the transactions to acquire 77% stake in Feedertech Group. Feedertech’s founder, Mr. Ali Maghami, will retain the remaining 23% shareholding and remain involved in the business. Unifeeder, a 100% owned subsidiary of DP World PLC,…
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DP World’s earnings grow by 27% in first half of 2019
DUBAI, UAE: Global trade enabler DP World PLC announced strong financial results for the six months to 30 June 2019 with reported adjusted EBITDA and attributable earnings growth of 21.9% and 26.8% respectively. DP World posted revenue of $3.463 billion, a growth of 31.9% supported by acquisitions and growth in non-containerized revenue. Adjusted EBITDA grew…
DP World reports 1.6% gross volume growth in 2Q2019
DUBAI, UAE: DP World PLC handled 35.8 million TEU (Twenty-Foot Equivalent Units) across its global portfolio of container terminals in the first half of 2019, with gross container volumes growing by 0.5% year-on-year on a reported basis and 0.5% on a like-for-like basis. Strong performance across Asia Pacific, Indian Subcontinent and Africa drove growth in…