DP World posts $ 683 m profit

Reuters: DP World, the world’s third-largest port operator, has made a 2011 net profit of $ 683 million attributable to the company owners after separately disclosed items, it said in a statement on Thursday.

DP World said the company’s gross cash flow from operations at the end of 2011 increased to $ 1.16 billion, with net debt reduced to $ 3.58 billion.

The board recommended an increased dividend distribution to $199 million, or 24 cents per share.