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DUBAI, March 15 (Xinhua) -- Dubai Ports (DP) World, the world's third largest commercial port company, reported Thursday a profit of 1.363 billion U.S. dollars in 2017, up 8.2 percent from the previous year.
This profit surge resulted from the "improved trading environment and market share gains," DP said in an emailed statement.
"We expect capital expenditure in 2018 to be up to 1.4 billion dollars with investment planned mainly into the UAE, Posorja (Ecuador), Berbera (Somalia), Pusan (South Korea), Maputo (Mozambique) and Sokhna (Egypt)," noted the container port operator.
DP controls 78 commercial ports and inland terminals across six continents.
DP World shares, which are traded on the Nasdaq Dubai, closed 3.67 percent lower on Thursday.
