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DP World profit down on costs
- United Arab Emirates: Wednesday, August 16 - 2006 at 07:02
DP World posted a 5.44% decline in profit in 2005 to $240m due to higher costs, according to statement by the company cited by Gulf News. Operating expenses climbed 55.7% to $289m and general and administrative costs more than trebled to $86m. The ports operator incurred finance costs of $58.4m, while short term borrowings amounted to $1.65bn during the year.
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James McInerney, News EditorWednesday, August 16 - 2006 at 07:02 UAE local time (GMT+4)
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