The net profit attributable to shareholders of DP World Group (DB World) during the first half of 2023 decreased by 9.7% year on year, according to the statement of business results published on Nasdaq Dubai on Thursday.
Dubai Ports is owned by the Government of Dubai and is the main operator of ports in the Emirate and operates in several countries in the logistics services sector and the management and development of ports.
The head of the group, Sultan Ahmed bin Sulayem, said in a statement on Thursday that this year is witnessing great challenges in terms of economic growth, inflation and high interest rates, which are likely to weaken the global trade movement.
The net profit attributable to the group’s shareholders during the first six months of 2023 amounted to about $651 million, compared to $721 million during the same half of last year.
Revenues rose 13.9% during the first half of 2023 to $9.037 billion, supported by good performance in logistics services, according to the group’s statement.
clean energy
The group said that its investments in the renewable energy sector through the I-REC program – a global program for evaluating performance in the clean energy sector – led to a reduction of the group’s carbon emissions in the UAE by 47%.
The group pledged to invest more than $500 million to reduce emissions by 700 kilotons over the next five years.
The UAE is seeking to increase the use of clean energy, and the country will host the COP28 Climate Summit at the end of the year.
(Prepared by: Jehan Laghmari, Edited by: Ayat Rashwan, Contact: [email protected])
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2023-08-17 10:43:48
#World #net #profits #declined