DP World revenue projected at $3.1bn

Port operator DP World's 2010 revenue is seen at $3.1 billion and earnings before interest, tax, depreciation and amortisation (EBITDA) at $1.1 billion, a Dubai World document showed, based on analyst forecasts.
 
Dubai World is prepared to sell its prized assets, including DP World, in a bid to raise as much as $19.4 billion to repay creditors, the document obtained by Reuters showed.

As of December 2009, DP World's total debt stood at $8 billion.

"DP World and Economic Zones World are the group's most cash generative assets, however operating company debt severely restricts cash flow available to Dubai World," the document said.

DP World shares remained unchanged on Nasdaq Dubai.

Dubai World owns a 77 per cent stake in the ports company, which plans a London listing in mid-2011.

DP World is one of the world's largest port operators.