Dubai Ports World has seen profits rise by 52% in 2007
The world's fourth-largest container port operator, Dubai Ports World, has seen its profits rise by 52% in 2007.
It earnt $419.7m (£210m) from ongoing operations and was also upbeat on its performance so far in 2008.
DP World, which has 42 terminals in 22 countries, bought UK port and ferry company P&O for $6.9bn in 2006.
However, it had to sell on the US part of that business after opposition from Congress which claimed that the takeover posed a security risk.
In 2007, DP World handled about 43 million containers.
"Trading in the first two months of 2008 has been strong with throughput well ahead of the same period last year," its chairman Sultan Ahmed bin Sulayem said. BBC
It earnt $419.7m (£210m) from ongoing operations and was also upbeat on its performance so far in 2008.
DP World, which has 42 terminals in 22 countries, bought UK port and ferry company P&O for $6.9bn in 2006.
However, it had to sell on the US part of that business after opposition from Congress which claimed that the takeover posed a security risk.
In 2007, DP World handled about 43 million containers.
"Trading in the first two months of 2008 has been strong with throughput well ahead of the same period last year," its chairman Sultan Ahmed bin Sulayem said. BBC
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