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

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.