Equate H1 sales grow 27% to $2.5bn

Mubasher: Equate Petrochemical Co registered more than 2.3 million metric tonnes in sales during the first half of 2018, according to an official statement.

The sales value increased by 27% to exceed $2.5 billion in H1-18 when compared to the same period a year ago.

Operating income grew by 48% year-on-year to more than $1 billion in the six-month period ended June.

Equate noted that the return was achieved as 42% mainly in North Asia, 18% in Europe, 13% in the Americas, 11% in the Indian subcontinent, and 16% in the remaining areas in the globe.

In the second quarter of 2018, Equate registered a surge of 75% in net profits to $427 million.

Mubasher Contribution Time: 08-Aug-2018 09:11 (GMT)
Mubasher Last Update Time: 08-Aug-2018 09:45 (GMT)