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DP World H1 profit falls YOY

DP World Ltd. said its first-half normalized net income was 43 cents per share, a decrease of 15.0% from 51 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $358.1 million, a decrease of 18.6% from $440.0 million in the year-earlier period.

Total revenue climbed 8.3% year over year to $2.30 billion from $2.13 billion, and total operating expenses climbed 11.0% year over year to $1.44 billion from $1.30 billion.

Reported net income grew 5.1% year over year to $543.2 million, or 65 cents per share, from $517.0 million, or 60 cents per share.