EQUATE Petrochemical Company announced a net profit of US$ 880 mln for the fiscal year ending December 31st, 2010, which is a 73% increase over what was achieved in 2009. On this occasion, EQUATE Pressident & CEO Hamad Al-Terkait said, “These profits were realized due to high efficiency in operating all production units, as well as the global rise in prices of petrochemical products, despite gas feedstock limitations facing the company’s plants.
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Tuesday, February 08, 2011
EQUATE’s net profit in 2010 rises 73% yoy
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