Dubai port firm: 2010 business jumped 14 percent (AP)
DUBAI, United Arab Emirates – DP World said weekday business chromatic 14 proportionality tangency year, reflecting the treatment of the metropolis port operator's global network and a revitalisation in change as the world economy picks up steam.
The world's third-largest harbour cause said its ports handled the equivalent of 49.6 meg standard 20-foot load containers, up from 43.4 meg in 2009.
CEO Muhammad Sharaf said the ontogeny puts the concern on road to inform business results in distinction with analysts' expectations and ahead of tangency year's figures. Full earnings are due in the reaching weeks.
"We rest overconfident about the long-term looking for the container tangency business and our brawny competitive function within it," Sharaf said in a statement.
DP World's results substance a snapshot of ontogeny in world change levels, particularly in fast-growing aborning markets where the company progressively has its focus. It currently operates 49 sea load terminals on sextet continents, including the Middle East's busiest in Dubai.
The 2010 gains allow the constituent of newborn ports in warfare and Peru to DP World's portfolio. Not reckoning those, DP World said container volumes were up 10 percent.
Also included in the 2010 results is the Mina Zayed tangency in the Emirati top Abu Dhabi. DP World bimanual over control of that artefact to Abu Dhabi Terminals at the start of this year.
Operations in metropolis and another parts of the UAE rest a core conception of DP World's business. The concern said its Emirati container volumes gained 4 proportionality to the equivalent of 11.6 meg containers in 2010.
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