DP World announces financial results

DP World announces financial results

On a reported basis, revenue grew 36.1% and adjusted EBITDA increased 17.7% with adjusted EBITDA margin of 43%, delivering profit attributable to owners of the Company, before separately disclosed items, of $1,328 million, up 4.6% and EPS of 160.0 US cents.. We continue to focus on maintaining our disciplined approach to investment to deliver integrated supply chain solutions to cargo owners.. We have continued to make progress on our strategy to deliver integrated supply chain solutions to cargo owners and have focused our efforts on building end-to-end capabilities for several verticals including the Automotive, Oil & Gas and FMCG industries.. DP World is well positioned to respond in the short term by focusing on disciplined investment and managing the cost base to protect profitability.. Overall, we remain positive on the medium to long term outlook of the industry.. The Board of DP World recommends a dividend of $332.0 million at 40 US cents per share, which is in line with past policy of maintaining a payout ratio of at least 20%.".