Dubai-based port firm DP World reports $1.29B profit
Global port operator DP World says its profit rose 10% in 2018 despite worldwide tensions over trade amid a trade war between China and the US and fears about Britain leaving the European Union.
The port operator on Thursday reported profits of around $1.29 billion, up from around $1.17 billion the year before.
Its revenue for the year was $5.6 billion, up from $4.7 billion the year prior. That's a revenue increase of 19.8% for the port operator.
DP World has expanded aggressively into new markets, including into East Africa, where the Emirati government as well has begun building new military bases.