DP World Sees Higher Second-Half Net as Volumes Rise
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DP World Ltd. expects higher second-half earnings after the port operator owned by debt-laden Dubai World reported a better-than-forecast profit in the first half because of cost cuts and on higher container volume.
Net income in the first six months of the year was $176.6 million compared with $175.3 million a year ago, the world’s fourth-biggest port operator said in a statement to Nasdaq Dubai today. That beat the $157 million median estimate of three analysts, according to Bloomberg data.