UAE’s Emirates Global Aluminium reports a 34% rise in 2022 net profit

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Tue, 2023-03-07 18:44

RIYADH: The Emirates Global Aluminium reported 7.4 billion dirhams ($2 billion) in 2022 net profit, a 34 percent rise from a year earlier.

A rise in production and sales drove the revenues up, the company said on Tuesday.

Adjusted profits before interest, taxes, depreciation, and amortization — also known as EBITDA — increased 37 percent to 12.4 billion dirhams. 

The company paid shareholders dividends of 3.7 billion dirhams, consisting of an interim dividend of 2.2 billion dirhams in July and a further 1.5 billion dirhams, making it the largest payout for shareholders in the company’s history.
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