DP World H12022 revenue up 60%

Cash from operating activities increased 30% to $1.9 billion in 1H2022.
DP World reported a 60 percent increase in revenue at $7.9 billion for the first half of 2022 compared to $4.9 billion in H12021 on marginal (1.6 percent) increase in consolidated throughput at 22,918,000 TEUs. While adjusted EBITDA was up 35 percent at $2.4 billion, EBITDA margin declined to 30.8 percent. Profit for the period was up 51 percent at $884 million. Revenue growth was supported by acquisitions, strong performance of feedering services and growth in high margin cargo, according to an official release. Container revenue per TEU increased over 9 percent on higher demand for storage.

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