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Equate records $406m profits in Q3

Equate records $406m profits in Q3
Profits, before EBITDA, grew 12% to $547 million

Mubasher: Equate Petrochemical Co achieved an increase of 22% in profits to $406 million during the third quarter of 2018 compared to the same period in the prior year.

The petroleum company has recorded a return of $1.2 billion in Q3-18, 11% higher when compared to Q3-17, according to a recent statement.

Profits, before EBITDA, grew 12% to $547 million.