RIYADH: Global port operator DP World saw its revenue soar 26 percent to $10.8 billion on an annual basis, fueled by strong operational performance in 2021.
The revenue hike was “supported by acquisitions and new concessions including Angola, Unico, and Transworld,” the UAE port operator said in a statement.
Earnings before interest, taxes, depreciation and amortization grew 15.3 percent on the year, reaching as high as $3.83 billion.
DP World’s terminals remained operational with high productivity, despite global supply chain disruptions.
It said it also boomed on the back of partnerships that exposed it to “high growth markets and long-term relationship with cargo owners.”
“We expect our portfolio to continue to deliver growth,” commented CEO, Sultan Ahmed Bin Sulayem.
“We remain mindful that the geopolitical uncertainty, Covid-19 pandemic, continued supply chain disruptions, and rising inflation could hinder the global economic recovery,” he added.
