Global trade enabler DP World announced on Tuesday the financial results from its global portfolio for the twelve months ending 31 December 2016. On a like-for-like basis, revenue grew 1.3%, adjusted EBITDA increased by 6.6% with an adjusted EBITDA margin of 52.6%, and attributable earnings increased 6.2%. Our aim is to continue our disciplined approach to capital allocation in markets with strong growth potential, all while adding complementary or related services to further diversify and strengthen our business,” he noted. He stated that the board of directors of DP World recommends increasing dividends by 26.7% to $315.4m or 38.0 US cents per share, reflecting the strong earnings growth during the year. Bin Sulayem added that the board of directors is confident regarding the company’s ability to continue generating cash and supporting future growth while maintaining a consistent dividend payout.

Source: Daily News Egypt March 21, 2017 14:07 UTC