Author: Mehak Srivastava

Global trade enabler DP World announced robust financial results for the six months to 30 June 2018. On a reported basis, revenue grew 14.4% and adjusted EBITDA increased by 7.9%. Adjusted EBITDA margin was 50.3%, delivering profit attributable to owners of the company, before separately disclosed items, of $593mn and EPS of 71.5 US cents. On a like-for-like basis, revenue grew 3.0% and adjusted EBITDA increased by 4.2% with adjusted EBITDA margin of 54.4%, and attributable earnings to owners of the company increased up by 5.2%, reflecting the stable trading environment. Sultan Ahmed Bin Sulayem, group chairman and CEO, DP…

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