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DP World sees 46% decline in 2009 profit
  Date:03/25/10  |  From:cargonewsasia  |  Click:

       Port operator DP World, a unit of troubled state-owned conglomerate Dubai World, saw a 46 percent drop in 2009 profit but said it saw signs of recovery for 2010, Reuters reported.

       The company's results come as its debt-laden parent said it would present plans to restructure its US$26 billion debt to creditors this week.

       DP World said net profit from continuing operations stood at $333 million for the period ended December 31 from $621 million in 2008.

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