UAE - Mubasher: The adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) of DP World rose by 0.4% year-on-year (YoY) to $3.319 billion in 2020, compared to $3.306 billion in 2019.
The company's revenues jumped by 11% to $8.533 billion last year from $7.686 billion in 2019, according to a press release on Thursday.
The logistics company recorded a like-for-like adjusted EBITDA margin of 42.1%.
The company's profit attributable to the owners before separately disclosed items declined by 33.8% to $879 million in 2020 from $1.328 billion in 2019.
Commenting on the company's performance, DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: "Looking ahead, we will continue to be selective on new investments and focus on the integration of our recent acquisitions to drive synergies, containing costs to protect profitability and managing growth capex to preserve cashflow."
