{"id":199459,"date":"2018-08-17T11:53:56","date_gmt":"2018-08-17T14:53:56","guid":{"rendered":"https:\/\/anba.com.br\/?p=199459"},"modified":"2018-08-20T18:51:35","modified_gmt":"2018-08-20T20:51:35","slug":"santos-drives-dp-world-results","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/santos-drives-dp-world-results\/","title":{"rendered":"Santos drives DP World results"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 DP World\u2019s operations in Brazil drove its results in the first half of this year, it said on Thursday (17). The Dubai-based port operator owns one of Brazil\u2019s largest private seaports, DP World Santos, in the Port of Santos, S\u00e3o Paulo.<\/p>\n<p>The company ascribed a drop in profit to consolidation of DP World Santos and deconsolidation of its Doraleh terminal in Djibouti.\u00a0It also imputed a hike in revenues in Australia and the Americas \u2013 whose results it releases in tandem \u2013 to DP World Santos\u2019 consolidation, among other factors.<\/p>\n<p>DP World Santos, formerly Empresa Brasileira de Terminais Portu\u00e1rios (Embraport), had its name changed late last year after the Dubai-based conglomerate acquired 100% of the terminal\u2019s capital. It formerly retained slightly over 30% in the operation, before purchasing the remainder from Odebrecht TransPort. Launched in 2013, the terminal and boasts an annual capacity of 1.2 million TEU.<\/p>\n<p>DP World posted USD 2.6 billion in revenues in the first half of this year, up 14.4% from H1 2017, with revenue in Australia and the Americas reaching USD 431 million during H1 2018, up 18.7% year-on-year. Profit slid 8% to USD 629 million.<\/p>\n<p>DP World handled 1.99 million TEU in Australia and the Americas, up 18.2% year-on-year. Besides the consolidation in Santos, the company said its buyout of Peru\u2019s Cosmos Ag\u00eancia Mar\u00edtima added to revenue results.<\/p>\n<p>Revenue was also driven by increased volumes around the world and other buyouts, including two companies in the United Arab Emirates \u2013 Drydocks World LCC and Dubai Maritime City (DCM).<\/p>\n<p>DP World invested USD 439 million in H1, with full-year plans at USD 1.4 billion, including the UAE, Ecuador, Somaliland and the United Kingdom.<\/p>\n<p>\u201cOur balance sheet remains strong and we continue to generate high levels of cash flow, which gives us the ability to invest in the future growth of our current portfolio, and the flexibility to make new investments,\u201d chairman and CEO Sultan Ahmed Bin Sulayem said.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-199440\">Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Dubai-based company imputed a hike in its revenues across the Americas to consolidation of DP World Santos, the S\u00e3o Paulo state port terminal formerly called Embraport which it bought out in late 2017.<\/p>\n","protected":false},"author":2316,"featured_media":199440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[2257,4477,2258,34153,4480],"class_list":{"0":"post-199459","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-dp-world","9":"tag-dp-world-santos","10":"tag-embraport","11":"tag-portos-en","12":"tag-seaport"},"wps_subtitle":"The Dubai-based company imputed a hike in its revenues across the Americas to consolidation of DP World Santos, the S\u00e3o Paulo state port terminal formerly called Embraport which it bought out in late 2017.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/199459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=199459"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/199459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/199440"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=199459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=199459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=199459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}