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Abu Dhabi petrochemical, technology firms post strong first- half profits

Borouge says its net income increased 2.5 per cent to $853 million; Multiply Group declares Dh462 million in net profit; Response Plus Holding posts a net profit of Dh20.6 million Abu Dhabi-based petrochemical and technology companies on Thursday reported strong results for the first half of 2022.Borouge, a petrochemical company, said its net income increased 2.5 per cent to $853 million while the adjusted Ebitda increased 1.7 per cent to $1.512 billion.It announced a 16.4 per cent increase in revenue to $3.46 billion for H1 2022, versus the same period last year, driven by sales volume growth.

Link: https://www.zawya.com/en/business/energy/abu-dhabi-petrochemical-technology-firms-post-strong-first-half-profits-vjmaw7vt

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