DP World Limited has announced strong financial results for the first half of the year with earnings before interest, taxes, depreciation, and amortization (EBITDA) and revenue growing year-on-year 18.2% and 21.3% respectively.
The company’s revenue reached US$4.945 billion, a figure mainly driven by acquisitions and strong growth in India, Australia and United Kingdom, while adjusted EBITDA was US$1.813 billion for the first six months of 2021.
Additionally, profit for the period attributable to owners of the company increased to US$475 million, according to a statement.
“This significant growth once again demonstrates that we are in the right locations and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” noted DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem.
At the same time, DP World has reported that a capital expenditure of US$687 million has been invested across the existing portfolio during the first half of the year.
Sultan Ahmed Bin Sulayem said, “Overall, the near-term outlook remains positive, and while we are mindful that the Covid-19 pandemic and geopolitical uncertainty could once-again disrupt the global economic recovery, we remain positive on the medium to long-term fundamentals of the industry and DP Worlds ability to continue to deliver sustainable returns.”
