"DP World delivered profit for the year of USD 749 million following a strong year of operational performance from its global operations, prudent financial management and proactive management of assets, whilst continuing to invest in the future growth of the Company," DP World Chairman, Sultan Ahmed Bin Sulayem said.
Revenues of the Dubai based company increased 5 percent to USD 3,121 million while profit for the year rose by 10 percent at USD 749 million.
"This has helped reduce net debt to USD 2.9 billion and strengthen our balance sheet, positioning us strongly as we continue to invest in quality long term assets," it said.
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