DP World's profit jumped 52% in the first half of 2021, buoyed by higher consumer spending and a rebound in global trade since the outbreak of the coronavirus.
According to Arab Net, DP World, one of the largest port operators in the world, said that the profits of the company's owners (net profit after the distribution of minority stakes) jumped to 475 million in the period ending June 30, up from $313 million last year.
Revenue rose 21% to $4.95 billion from $4 billion in the same period last year.
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World Group, said: "Overall, the near-term outlook remains positive, while we recognize that the COVID- 19 As geopolitical uncertainty may hamper global economic recovery again, we remain positive about the sector's fundamentals in the medium to long term and DP World's ability to continue generating sustainable revenues.
