DP World announces strong financial results for H1

DP World has announced robust financial results for the six months to June 30, 2018. On a reported basis, revenue grew 14.4 per cent and adjusted EBITDA increased by 7.9 per cent. Adjusted EBITDA margin was 50.3 per cent, delivering profit attributable to owners of the company, before separately disclosed items, of $593 million and
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Dana Gas PJSC (“Company”), the Middle East’s largest regional natural gas company, announced its financial results for the first half ended 30 June 2018: Highlights Net Profit for 1H of $24 million (AED 88m); 4% higher year-on-year; $50 million (AED 183m) excluding one off Sukuk restructuring costs. Consensual solution on Sukuk restructuring agreed with closing
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As per the first half 2018 financial report of Yang Ming Marine Transport Corporation (Yang Ming), its Q2 consolidated revenues total NTD33.6 billion ($1.14 billion), up 1.12 per cent from the same period in the previous year. The business volume of 1.29 million TEUs rose 11.84 per cent year-on-year. Net loss for Q2 was NTD3.81
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HAMBURG: Hapag-Lloyd has concluded the first half of the year 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 425.2 million. This is EUR 61.4 million higher compared to the EBITDA of the first six months of 2017 (EUR 363.8 million). The earnings before interest and taxes (EBIT) stood at EUR 88.7
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COPENHAGEN: A.P. Møller – Mærsk A/S’ (APMM) has highlighted in the financial report for Q1 2018 the expectation for the 2018 result was subject to increased uncertainties impacting container freight rates, bunker prices and rate of exchange due to geopolitical risks, trade tensions and other factors. Based on the outlook for freight rates for the
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QATAR: Qatar Navigation (Milaha) Q.P.S.C. recently announced its financial results for the six months ended June 30, 2018, wherein it clocked 11% net profit growth during the first half of 2018 as compared to its previous corresponding period. Key financial highlights: •             Operating revenues of QAR 1.25 billion for the six months ended June 30,
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China transported 23.21 billion tons of freight in the first half of the year, up 6.9 percent year-on-year, according to the Ministry of Transport on July 26. Ports above scale handled 6.54 billion tons of cargo during the same period of time, an increase of 2.4 percent. Fixed assets investment in the transport industry totaled
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The combined profits of Chinese steel makers surged in the first half of 2018 on strong demand, industry association data showed Wednesday. In the first half, profits of about 380 steel makers stood at 139.27 billion yuan (about 20.5 billion U.S. dollars), up 151.15 percent year on year, according to the China Iron and Steel
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China imported 146 million mt of coal and lignite in the first half of 2018, up 9.9% from the previous year and a three-year high, according to preliminary data released Friday by the General Administration of Customs. In June China imported 25.5 million mt of coal, up 17.9% on the year and 14% on the
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Hyundai Heavy Industries Co. achieved 28 percent of its annual order target of $10.17 billion in the first half of the year due to sharp declines in offshore facility projects, the company said Thursday. In the January-June period, the world’s biggest shipbuilder by sales received $2.87 billion worth of orders as offshore facility contracts plunged
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