DUBAI, March 13 (Reuters) - DP World, a Dubai-owned ports and logistics company, reported on Thursday a 28% drop in annual profit, citing higher finance costs and highlighting an uncertain outlook due to "geopolitical risks" and a "changing global trade landscape."

Profit attributable to the owners, after separately disclosed items, dropped 27.9% to $591 million, down from $820 million a year earlier, DP World said in a statement, adding that revenue in 2024 grew 9.7% to $20 billion.

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Yemen's Houthis said on Tuesday they would resume attacks on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait and the Gulf of Aden, ending a period of relative calm starting in January with the Gaza ceasefire.

https://www.reuters.com/business/dp-world-flags-uncertain-outlook-after-annual-profit-slumps-28-2025-03-13/