63 Days
Source:
اقتصاد سكاي نيوز عربية
Burg Q2 revenue hits 5.16b AED
Burooj BLC recorded revenues of 5.16 billion dirhams (1.4 billion US dollars) in the second quarter of 2026, marking a 20% increase compared to the first quarter. This growth was driven by improved selling prices and rising demand for global polyolefin products, despite regional challenges. The company successfully restored full operational readiness after an incident in April through swift repairs and high-quality remediation work, along with the development of alternative logistical routes to ensure supply continuity despite Hormuz Strait disruptions. The adjusted EBITDA reached 1.47 billion dirhams (401 million dollars), while net profit stood at 701 million dirhams (191 million dollars). Sales totaled 0.9 million tons. The company remains committed to leveraging higher prices and supporting expansion initiatives such as the Burooj 4 project and the listing of Burooj International to enhance growth and global competitiveness.
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