Kuwait-based Equate Group, a leader in petrochemicals sector, said its revenue for 2023 stood at $3.1 billion compared to $3.9 billion the year before, while its net income after tax hit $308 million amid challenging market conditions for the industry.
Equate Group, a global producer of petrochemicals and the world’s leading supplier of ethylene glycol, reported a total revenue of $1.518 billion in first half (H1) of 2023, compared to $2.238 billion during the same period in 2022.
Kuwait: Equate Group revenues decline to $1 52bln in first half zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.