DP World profits in 2018 up 5 pct to 1.27 bln USD

DUBAI, March 14 (Xinhua) -- Dubai Ports World (DP World) said on Thursday it achieved net profit of 1.27 billion U.S. dollars in 2018, with an annual increase of over 5 percent.

"This robust performance has been delivered in an uncertain trade environment, once again highlighting the resilience of our portfolio," said DP World Chairman and CEO Sultan Ahmed bin Sulayem in a statement.

DP World made acquisitions worth 2.5 billion dollars last year.

The state-owned company said its revenue for the year rose 20 percent to 5.65 billion dollars.

DP World plans to invest 1.4 billion dollars in 2019.