Port operator DP World of Dubai announces $883M 2015 profit

Staff Writer
Columbus CEO

DUBAI, United Arab Emirates (AP) — Port operator DP World has announced profits of $883 million attributable to its owners for 2015, up 30.7 percent from last year's figures.

The Dubai-based company made the announcement Thursday, saying its full-year revenues for 2015 were $3.9 billion, up 16.3 percent compared to 2014. It made $3.4 billion in revenues for 2014.

DP World attributed some of that growth in 2015 to its $2.6 billion acquisition of Dubai government-linked free-trade zone operator Economic Zones World.

DP World, which trades on the Nasdaq Dubai, ranks among the world's largest port operators, with business at 70 marine terminals in 31 countries around the world. The government-backed firm recorded $675 million in profit attributable to its owners in 2014.