News / DP World posts a strong first half as its customers wallow in an ocean of red ink

DP World saw revenue jump 14.4%, year on year, in the first six months to $2.6bn, as the company’s core container terminal business benefited from the upswing in global trade.

Net profit for the period was $593m, 2.1% down on the year before, which it attributed to the “illegal” seizure of its Doraleh terminal by the Djiboutian government, and the consolidation into the accounts of its Santos facility, previously treated as an equity-accounted investee.

DP World’s strong performance is a contrast to its shipping ...