Dubai-headquartered DP World reported profits of $970m on the back of $3.9bn revenues made in the 12 months ending 31 December 2015.

This marked a 28 per cent rise in profits and 16.3 per cent rise in revenues. Based on constant currency rate, the percentage increases are more moderate at 6.3 per cent and 5.6 per cent, respectively.

The company attributed its revenue increase for the year to a 4.9 per cent increased in containerised revenue.

The firm’s consolidated throughput for 2015 reached 29.1 million twenty-foot equivalent units (TEUs), a 2.7 per cent increase compared to 2014.

Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) is at $1.9bn, some 21.4 per cent higher compared to the previous year. This brought earnings per share (EPS) value to 106.3 US cents, which is 31 per cent higher compared to the previous year’s EPS.

DP World said it aims to increase its global container capacity to 85 million TEU in 2016, and to exceed 100 million TEU by 2020. It also expects capital expenditure of between $1.2-1.4bn in 2016 with investments planned into the UAE’s Jebel Ali and Jebel Ali Freezone, UK’s London Gateway port and Canada’s Prince Rupert port.

DP World completed the acquisition of Dubai’s Economic Zones World, whose portfolio includes the Jebel Ali Freezone, in 2015, for $4.0bn, as well as Prince Rupert port.

Sultan Ahmed Bin Sulayem, chairman of DP World since 2007, assumed the role of group Chairman and CEO following the departure of Mohammed Shafar in late January.