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Dubai port firm profits rise 22 percent in 2010

Dubai port firm profits rise 22 percent in 2010

Port operator DP World says its profit jumped 22 percent last year as it benefited from a pick-up in shipping fueled by an improving global economy.
The Dubai-based cargo handler said Wednesday its 2010 profit rose to $451.1 million from $370.1 million a year earlier.
After accounting for one-time adjustments, DP World says its profit rose 35 percent to $450 million.
Revenue increased to $3.19 billion, up nearly 9 percent from a year earlier.


Updated : 2021-04-12 00:51 GMT+08:00