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Dubai's DP World H1 Profit Falls 34 Percent - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Port operator DP World’s DPW.DI first-half profit from continuing operations after tax fell 34 percent to $188 million, the company said on Thursday, amid a decline in container volumes.

“The first six months of 2009 have continued to present a very challenging operating environment across the portfolio,” the Dubai-based firm said in a filing on the Nasdaq Dubai. DP World said it had 2008 first half profit of $287 million.

The company repeated its outlook that it expected its full year results to meet expectations, but said trends in global trade continued to be unpredictable in the second half of the year.

DP World, one of the world’s largest container port operators, said last month it expected to meet 2008 expectations as emerging market business mitigates a global economic downturn. Revenues stood at $1.384 billion in the first half of the year, from $1.598 billion dollars in the same period in 2008.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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