DP World 'still on track for listing'

Click to follow
The Independent Online

The container ports operator DP World said it was on track to list on the London Stock Exchange this year after its annual profits rose 35 per cent in 2010 to $450m (£276m).

Dubai-based DP World, which bought the British ports and ferries group P&O in 2006, said it had given full-year results to the LSE, which will decide on the listing soon. "We are on track for the London listing," said Mohammed Sharaf, the chief executive. He declined to give a final date but has previously said it plans to list in the second quarter of 2011.