DP World reports 10% increase in container volumes (3230C)
April 30 2012 - 3:28AM
UK Regulatory
TIDMDPW
RNS Number : 3230C
DP World Limited
30 April 2012
DP World reports 10% increase in container volumes
in first quarter of 2012
Dubai, UAE Monday 30 April 2012 - DP World Limited will today
hold its Annual General Meeting for the year ended 31 December
2011. DP World Chairman Sultan Ahmed Bin Sulayem will make the
following statement regarding trading in the first quarter of
2012.
"Across our global portfolio of marine terminals, DP World has
seen a 9.5% increase in gross volumes in the first quarter of 2012
handling 13.8 million TEU (twenty-foot equivalent units). Excluding
the contribution from new capacity, like for like growth was
7.4%.
"This growth was driven by an excellent performance in our Asia
Pacific and Indian Subcontinent region which reported 14.6% growth
in volumes as new capacity across the region supported strong
growth across our Asia Pacific portfolio. Growth in Europe, Middle
East and Africa region was 4.4% with a good performance in the
Middle East and Africa mitigating the ongoing challenging operating
environment in Europe. The Americas and Australia region reported
growth of 8.7% driven by a very strong performance in the Americas
region.
"Our portfolio of consolidated terminals reported container
volumes of 6.6 million TEU. Had our five terminals in Australia not
been deconsolidated from the 12 March 2011, underlying growth would
have been 5.9% when compared to the same period last year.
"Jebel Ali, UAE has continued to deliver strong volume growth
handling 3.2 million TEU in the first three months of the year,
8.5% ahead of the same period last year.
"The global macroeconomic uncertainty has continued into 2012.
With our portfolio focused on the faster growing emerging markets
and more stable origin and destination (O&D) markets, we remain
committed to delivering improved operational and financial
performance over 2011".
The voting results for all of the AGM resolutions will be
available on the London Stock Exchange, Nasdaq Dubai and
www.dpworld.com after the AGM.
- END -
For further information
Fiona Piper, DP World Limited:- +442079014142 (direct) or
+447919175602 (cell)
Jasmine Lindsay, DP World Limited:- +97148080812 (direct) or
+971504220405 (cell)
DP World Investor Relations:- investor.relations@dpworld.com
Volumes for Q1 2012
Gross Volumes 2012 Q1 2011 Q1 Growth
TEU '000
-------------------------------------- -------- -------- -------
Asia Pacific and Indian Subcontinent 6,479 5,656 14.6%
-------------------------------------- -------- -------- -------
Europe, Africa, Middle East* 5,657 5,417 4.4%
-------------------------------------- -------- -------- -------
Americas and Australia 1,658 1,525 8.7%
-------------------------------------- -------- -------- -------
Total TEU 13,794 12,598 9.5%
-------------------------------------- -------- -------- -------
Consolidated Volumes 2012 Q1 2011 Q1 Growth
TEU '000
-------------------------------------- -------- -------- -------------------
Asia Pacific and Indian Subcontinent 1,389 1,343 3.5%
-------------------------------------- -------- -------- -------------------
Europe, Africa, Middle East* 4,650 4,381 6.1%
-------------------------------------- -------- -------- -------------------
(48.6%)
Underlying growth
Americas and Australia (1) 577 1,123 7.7%
-------------------------------------- -------- -------- -------------------
(3.4)%
Underlying growth
Total TEU (1) 6,616 6,846 5.9%
-------------------------------------- -------- -------- -------------------
*UAE volumes incorporated
in the Middle East volumes
TEU '000 3,222 2,971 8.5%
----------------------------- ------ ------ -----
(1) Australia was de-consolidated on 11 March 2011 and therefore
volumes since 12 March 2011 are no longer included in the
consolidated figures. Excluding the deconsolidation, growth in the
Americas and Australia region would have been 7.7% and growth
across the global portfolio would have been 5.9%.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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