UAE - Mubasher: DP World recorded a 5.9% year-on-year (YoY) increase in its net profits attributable to owners after separately disclosed items to $896 million in 2021, compared to $846 million in 2020.
The company generated revenues of $10.77 billion in 2021, up 26.3% from $8.53 billion in the previous year, according to a press release on Thursday.
The adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) jumped by 15.3% to $3.82 billion last year from $3.31 billion in 2020.
Commenting on the group's performance, the Chairman and CEO of DP World Group, Sultan Ahmed bin Sulayem, said: "Growth was broad-based across our terminals and logistics assets as we begin to drive synergies across our portfolio."
Meanwhile, Sulayem added: "We expect our portfolio to continue to deliver growth and, while the year has started encouragingly, we remain mindful that the geopolitical uncertainty, Covid-19 pandemic, continued supply chain disruptions, and rising inflation could hinder the global economic recovery."
