August 26, 2019: DP World Group has posted impressive results for the six months ending June 30, 2019 with reported adjusted EBITDA and attributable earnings growth of 21.9 percent and 26.8 percent respectively.
“Our half-year financial results have been in line with our expectations," said Sultan Ahmed Bin Sulayem, chairman and CEO, DP World Group.
He credited the performance to the company’s strategy of developing innovative new products and services, and its management.
DP World reported a revenue of $3,463 million (revenue growth of 31.9 percent on reported and 10.8 percent on a like-for-like basis).
Revenue growth of 31.9 percent was supported by acquisitions and growth in non-containerised revenue.
Like-for-like at constant currency % change[2]
September 9, 2019: Global trade enabler DP World will be the ‘Logistics Partner to the Energy Industry’ at the 24th World Energy Congress (WEC) from September 9-12, 2019 in Abu Dhabi.
Along with its subsidiary P, DP World will demonstrate the connectivity of energy-related cargo movement around the world and update the international energy community on the best practices, trends and future outlook of logistics across the energy sector supply chain.
Key focus areas will include marine logistics through P and the promise of sustainable transportation through DP World Cargospeed systems, enabled by Virgin Hyperloop One technology.
We’re delighted to be attending the 24th @WECongress this week as Logistics Partner to the Energy Industry.
Read more: https://t.co/38tYuL0d9q #WEC2019 pic.twitter.com/5k9NoPWAGx
Sultan Ahmed Bin Sulayem, DP World Group’s chairman and CEO, said, "DP World is pleased to participate in and support the 2019 World Energy Congress in Abu Dhabi.
The transaction value is less than 1 percent of DP World’s net asset value (NAV) and is expected to close in Q1 2020.
Ali Maghami, the founder of Feedertech will retain the remaining 23 percent and remain involved in the business.
Unifeeder will now have the capability to offer feedering and regional short-sea connectivity in Northern Europe, Mediterranean, Northern Africa, Asia, and the Indian subcontinent.
Founded in 2003, the Singapore-based company operates two businesses - Feedertech, which is an independent feedering service; and Perma, a regional short-sea network.
Both operate in the same market and connect the fast-growing trade route of Asia-Middle East via the Indian subcontinent.
This transaction will broaden the group’s feedering and short-sea product offering to multiple geographies and further enhance DP World’s logistics capability to offer an end-to-end solution to both the shipping lines and cargo owners.
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