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ABU DHABI, 31st August, 2023 (WAM) Emirates Global Aluminium (EGA) today reported competitive financial performance for the aluminium sector in the first half of 2023, announcing a net profit of AED2.0 billion ($533 million).
EGA announced H1 2023 adjusted EBITDA of AED4.2 billion ($1.1 billion). EGA’s aluminium segment adjusted EBITDA margin was 27 percent, leading global industry peers.
The company also reported revenue of AED14.8 billion ($4 billion) compared to AED18.3 billion ($5 billion) in H1 2022.
EGA made an AED2.9 billion ($800 million).