Financial Times FT.com

DP World ignores slowdown to double profits

By Robert Wright in London and Robin Wigglesworth in Dubai

Published: August 28 2008 08:53 | Last updated: August 28 2008 18:14

Dubai’s DP World shrugged off concerns about its container ports’ vulnerability to the world economic slowdown by reporting post-tax profits for the first half that were more than double last year’s.

The strong performance was driven by growth at DP World’s terminals, which are concentrated in parts of the Middle East, India and Africa and are still largely unaffected by the slowdown in western Europe and North America.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this