DP World, one of the world's largest port operators, said on Thursday it was confident it would meet full-year market expectations as it reported a flat half-year net profit. The Dubai-headquartered firm made a profit of $606 million attributable to the owners of the company in the six months to June 30, according to a bourse statement.
The earnings, which were in line with analyst estimates, according to Thomson Reuters data, compare with a $608 million profit in the same period a year earlier. Revenue increased 9.6 percent to $2.29 billion, and in July the company said gross container volumes rose 8.2 percent in the first half to 34 million twenty-foot equivalent units (TEUs).
"Looking ahead to the second half of the year, we expect higher levels of throughput to be maintained," said Chairman Sultan bin Sulayem. The chairman said he was confident market expectations for the year would be met following the company's first-half performance. He did not elaborate.
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