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DP World profits fall
- United Arab Emirates: Sunday, August 30 - 2009 at 11:36
First-half profit at DP World, the Dubai government-controlled ports management company, fell 34% to $188m on weak container volumes. Revenues were down 13% to $1.384bn from $1.598bn for the same period last year. "The first six months of 2009 have continued to present a very challenging operating environment across the portfolio," the port operator said. DP World said it still believes it will meet 2008 expectations for the full year, although warned that trading continues to be unpredictable.
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StaffSunday, August 30 - 2009 at 11:36 UAE local time (GMT+4)
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