Dubai – Mubasher: DP World reported a 7% year-on-year rise in its profits by the end of 2017, according to the company’s statement on the Nasdaq Dubai Exchange.

Dubai-based global ports operator's profits increased to $1.209 billion for the year ended 31 December 2017 from $1.127 billion in the year before.

Revenue grew 13.2% to $4.7 billion over the full year 2017, compared to $4.16 billion in the previous year, according to the statement.

Earnings per share (EPS) rose to 145.7 cents in 2017 versus 135.8 cents in the year before, Dubai's state-owned ports operator noted. 

Over the full year 2017, the world's fourth-biggest ports operator said it handled 70.1 million cargos.