São Paulo – DP World has announced this Thursday (20th) that it posted US$ 604 million in profit in 2013, up 10.9% from US$ 545 million in 2012. The company’s balance sheets also show that last year, terminals managed by DP World handled less cargo and the company grossed less than in 2012.
As per DP World’s balance sheet, last year the company handled a consolidated 26,077 million TEUs (twenty-foot equivalent units). Throughput was down 3.8% from 2012. In 2013, the company posted US$ 3.073 billion in revenues, down 1.5% from 2012.
The Dubai-based company said, however, that the number of TEUs handled was up 0.5% and revenues were up 3.6%, in 2013 not considering exchange rate fluctuations and throughput at terminals London Gateway, in the United Kingdom, and Embraport, in Santos, Brazil, which entered into operation in the second half of 2013.
In a statement on its performance, DP World stated that it sold operations in Hong Kong in order to focus investment on emerging countries. According to the fact sheet, DP World chairman Ahmed Bin Sulayem said the company saw gains despite a challenging business environment.
“This performance has been achieved despite the group facing some challenging market conditions, particularly in the first half of the year, and being capacity constrained within a number of our key locations. Overall, we believe this robust set of results illustrates the resilient nature of our portfolio,” he said.
*Translated by Gabriel Pomerancblum
