Friday 03 february 2023 - 12:53:31 am
2023 Feb 02 Thu, 09:16:00 am

Borouge reports $1.4 billion net profit during 2022

ABU DHABI, 2nd February, 2023 (WAM) -- Borouge today announced its financial results for the twelve-month and three-month periods ended 31st December 2022, with strong year-on-year growth in sales volumes driving healthy revenue growth.Highlights for the twelve months to 31st December 2022; Borouge reported a net profit of $1.4 billion, in line with market expectations and holding up well, despite an overall challenging market environment. Adjusted EBITDA for the full-year period stood at $2.6 billion.Borouge reported revenue of $6.7 billion, increasing by 8.2% versus 2021....