Strong Financial Results for DP World

Global marine terminal operator DP World yesterday announced strong financial results from its global portfolio of marine terminals for the twelve months ended 31 December 2014.

Like-for-like revenue grew 11.3% and adjusted EBITDA increased 16.0%, delivering profit attributable to owners of the Company, before separately disclosed items , of $675 million, up 25.1% on a like-for-like basis, and EPS of 81.4 US cents.

DP World Chairman, Sultan Ahmed Bin Sulayem, said: “We have ambitious strategic goals to maximize financial returns, strengthen global supply chains and create sustainable economic growth around the world. Our performance in 2014, whereby we outperformed the industry, illustrates that our strategy is bearing fruit as we benefitted from increased volumes across our global portfolio, including Embraport in Brazil and London Gateway in the UK which came on stream in 2013.

“The acquisition of the Jebel Ali Freezone will allow us to further consolidate our position as the leading logistics hub in the fast growing Middle East region. This, combined with our ability to add new capacity to our global portfolio will enable us to deliver both earnings growth and shareholder value over the long term.”

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