DP World sees signs of recovering demand as Chinese factories re-open – The National

DP World sees signs of recovering demand as Chinese factories re-open – The National

DP World sees signs of recovering demand as Chinese factories re-open. "DP World has delivered a solid set of financial results in 2019 despite challenging market conditions with continued strong cash generation.". DP World's board recommended a dividend of 40 cents per share.. The Dubai company warned the global trade outlook remains "uncertain" as the coronavirus outbreak disrupts the supply chain.. " 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.". DP World's data from the first eight weeks of 2020 have shown "weakness" in the sixth and seventh weeks due to factory closures and disruptions in China, where Covid-19 first appeared, said Yuvraj Narayan, chief financial executive of DP World.. Data from the eighth week suggests a "significant bounce-back.". "It remains a priority to manage the growth opportunities whilst retaining a strong balance sheet," he said.. DP World, which has a market capitalisation of $11bn, last month said it will delist from Nasdaq Dubai after the company concluded that the disadvantages of remaining on the stock exchange outweigh the benefits..