Emirates Global Aluminium (EGA) has reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted ebitda) of AED4.1 billion ($1.13 billion) for 2020, a 63 per cent increase over the previous year.
EGA grows adjusted EBITDA by 63% to AED4.1 billion Tue 16th March 2021 | 12:45 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 16th Mar, 2021) Emirates Global Aluminium (EGA) on Tuesday reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted EBITDA) of AED4.1 billion ($1.13 billion) for 2020, a 63 percent increase over 2019.
EGAâs smelting EBITDA margin for 2020 was 23 percent (2019: 14 percent), ranking amongst the best globally, the company said on Tuesday.
EGA flexed its aluminium product mix during 2020 in response to fluctuating market demand caused by the impact of the COVID-19 pandemic on world manufacturing.
However, for the year as a whole EGA maintained its position as the worldâs largest âpremium aluminiumâ producer by volume, with sales of value-added products of 1.8 million tonnes or 72 percent of total sales. EGA sold value-added products in 2020 to more than 400 customers in over 50 countries.
EGA’s adjusted Ebitda grows by 63% to Dhs4.1 billion in 2020
16 Mar 2021 Emirates Global Aluminium’s smelter in Jebel Ali, UAE. Emirates Global Aluminium (EGA) on Tuesday reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted Ebitda) of Dhs4.1 billion ($1.13 billion) for 2020, a 63 per cent increase over 2019.
EGA’s smelting Ebitda margin for 2020 was 23 per cent (2019: 14 per cent), ranking amongst the best globally, the company said on Tuesday.
EGA flexed its aluminium product mix during 2020 in response to fluctuating market demand caused by the impact of the COVID-19 pandemic on world manufacturing.
However, for the year as a whole EGA maintained its position as the world’s largest ‘premium aluminium’ producer by volume, with sales of value-added products of 1.8 million tonnes or 72 per cent of total sales. EGA sold value-added products in 2020 to more than 400 customers in over 50 countries.