Dubai-besed port firm DP World reports $1.29B profit in 2018

DUBAI (IDIL NEWS)-Global port operator DP World says its profit rose 10 percent in 2018 despite worldwide tensions over trade amid trader war between China and the U.S. and fears about britain leaving the European Union.

The Port operator on Thursday reported profits of around $1.29 billion, up from around $1.17 billions the year before.

Its revenue for the year was $5.6 billion, up from $4.7 billion the year prior. That’s arevenue increase of 19.8 percent for the port operator.

DP World has expanded aggressively into new markets, including into East Africa, where the Emirati goverment as well has begun building new Military.

In Febuary, Al-Shabab militants shot and killed a Maltese man working for DP World in Somalia, saying the UAE firm “occupies” the area.

IDIL NEWS