DUBAI: DP World, one of the world's largest port operators, reported a 26 percent rise in net profit for the first half of the year on Thursday.
The company, one of the more profitable assets of debt-laden Dubai World, posted a first-half net profit of $332 million.
This compares with a profit of $264 million in the corresponding period of 2013, it said in a statement.
DP World's revenue for the six months ended June 30 was $1.66 billion, up from $1.51 billion a year earlier.
The company, which has a portfolio of about 65 terminals across six continents, signed a $3 billion loan deal last month, improving terms on its debt and raising funds for expansion.
It conducted a $1 billion convertible bond issue in June. (Reuters)
