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<\/p>\nDP WORLD GROUP CHAIRMAN AND CEO, SULTAN AHMED BIN SULAYEM CREDITED THE COMPANY\u2019S STRATEGY OF DEVELOPING INNOVATIVE NEW PRODUCTS AND SERVICES AND PRUDENT MANAGEMENT FOR DP WORLD\u2019S IMPRESSIVE HALF-YEAR RESULTS.<\/p>\n
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Dubai, United Arab Emirates, 22Aug 2019: DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem credited the company\u2019s strategy of developing innovative new products and services and prudent management for DP World\u2019s impressive half-year results. Bin Sulayem added that DP World\u2019s excellent performance against the backdrop of challenging global economic conditions is a testament to the company\u2019s resilience, sound growth strategy and the diversification of its global investment portfolio across energy, maritime and sustainable mobility amongst others.![\"\"](\"https:\/\/www.cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2019\/01\/dp-world.jpg\")
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The statement was made as global trade enabler DP World PLC announced strong financial results today for the six months ending 30 June 2019 with reported adjusted EBITDA and attributable earnings growth of 21.9% and 26.8% respectively.<\/p>\n
\u201cOur half-year financial results have been in line with our expectations, Mr Bin Sulayem said. He highlighted that DP World continues to be guided by deep market understanding, innovation and operational excellence across 45 countries worldwide. Despite uncertainty from the trade war and challenging regional geopolitical realities, DP World has been able to deliver and excel a broadly impressive performance in the first half of 2019.
\nSultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, added:\u201cDP World is pleased to report like-for-like earnings growth of 22% in the first half of 2019 and attributable earnings of $753 million. This strong financial performance has been delivered in an uncertain trade environment, once again highlighting the strength of our portfolio.<\/p>\n
We have continued to make progress on our strategy to become a trade enabler and solutions provider as we look to participate across a wider part of the supply chain. We have invested significantly across our Ports, Logistics & Maritime Services businesses. The aim is to connect directly with customers to offer logistics solutions and remove inefficiencies in the supply chain to accelerate trade. We are seeing positive signs of progress in our new businesses that give us encouragement for the future.<\/p>\n
\u201cOur balance sheet remains strong, and we continue to generate high levels of cash flow, which gives us the ability to invest in the future growth of our current portfolio. Going forward, we aim to integrate our new acquisitions and deliver synergies with the objective of providing smart end-to-end solutions, which will improve the quality of our earnings and drive returns.<\/p>\n
\u201cWhile the near-term trade outlook remains uncertain with global trade disputes and regional geopolitics causing uncertainty to the container market, the strong financial performance of the first six months also leaves us well placed to deliver full-year results slightly ahead of market expectations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"