Dubai – Mubasher: DP World reported 0.6% profits to $1.341 billion in 2019, compared to $1.333 billion in 2018, according to the company’s financial results for 2019.

The revenues of the world’s leading supply chain solutions surged by 36.1% to $7.686 billion last year from $5.646 billion in 2018.

Meanwhile, the basic earnings per share (EPS) attributable to owners of the company stood at 160 cents in 2019, up by 4.6% from 153 cents during the previous year.

The board of the group recommended cash dividends of 40 cents per share, amounting to $332 million.

Commenting on 2019 performance, the group’s chairman and CEO, Sultan Ahmed bin Sulayem, said: “Adjusted EBITDA grew 17.7% to $3.306 billion with margins at 43.0% on a reported basis and 49.6% on a like-for-like basis.”

Sulayem added: “The near-term outlook remains a cause for concern with global trade disputes, Covid-19 outbreak, and regional geopolitics, causing disruption to trade. However, DP World is well-positioned to respond in the short term by focusing on disciplined investment and managing the cost base to protect profitability.”