Dubai: Helped by improved container throughout, Dubai’s DP World revenues were up a solid 58.9 per cent to $17.12 billion.

Profit for the year turned in $1.8 billion, again a healthy gain on the $1.3 billion from 2021. This works out to 35.9 per cent increase on the year. (In like-for-like currency terms, the increase for 2022 was up 28 per cent.)

Through 2022, DP World’s container throughput came to 79 million TEUs, up 1.4 per cent on the previous year’s 77 million. But on the revenues from container movements, last year saw a 9.1 per cent gain to $5 billion.

“DP World’s strong performance in 2022 was driven by our consistent investment in relevant capacity, prioritisation of high-margin cargo and focus on delivering customised solutions to meet the unique needs of cargo owners,” said Sultan Bin Sulayem, Group Chairman and CEO.

The EBITDA margin declined 6.2 per cent to 29.3 per cent.