DP World, the world’s third-largest port operator, yesterday said its core earnings for 2011 would be in line with analysts expectations, as container volumes rose 10 per cent over the prior year. The firm, one of the more profitable assets of debt-laden Dubai World, also said it would "comfortably" meet a $3bn syndicated loan facility which matures in October. DP World said it handled 54.7m twenty-foot equivalent container units (TEU) during the year, compared with 49.6m TEUs in 2010.
DP World upbeat about earnings
Wednesday 1st February 2012, 1:34am
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