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Fertiglobe records surge in 2021 net profits

Fertiglobe records surge in 2021 net profits
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Fertiglobe
FERTIGLOBE
-1.30% 5.30 -0.07

Abu Dhabi - Mubasher: The net profits attributable to the owners of Fertiglobe, a joint venture between ADNOC and OCI, hiked to $702.7 million in 2021, compared to $74.3 million in 2020.

The company generated revenues of $3.31 billion last year, up from $1.55 billion in 2020, according to a recent bourse filing.

The basic and diluted earnings per share (EPS) settled at $0.085 each in 2021, versus $0.009 in the previous year.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company's net profits attributable to the owners jumped to $336.2 million, compared to $29.2 million in the same period of 2020.