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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

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EGA posts $2 billion profit

The company said the results were its strongest ever. (WAM)
  • EGA said the adjusted EBITDA for 2022 was up 37 percent to a record $3.4 billion, compared to $2.5 billion in 2021.
  • The company paid shareholders E$1 billion in dividend --,an interim dividend of $600 million in July and further $400 million at the end of 2022.

Abu Dhabi, UAE — Emirates Global Aluminium (EGA) on Tuesday reported a net profit of AED7.4 billion ($2 billion) in 2022, up 34 percent from AED5.5 billion ($1.5 billion) in 2020.

Claiming the 2022 results to be its strongest ever, EGA said the adjusted EBITDA for 2022 was up 37 percent to a record AED12.4 billion ($3.4 billion), compared to AED9.0 billion ($2.5 billion) in 2021.

EGA paid shareholders a total of AED3.7 billion ($1 billion), consisting of an interim dividend of AED2.2 billion ($600 million) in July, and a further dividend of AED1.5 billion ($400 million) after the end of 2022. This makes dividends related to 2022 the largest in EGA’s history.

EGA’s revenue increased 36 percent to AED34.6 billion ($9.4 billion). Cash generated from operating activities was up 70 percent to AED12.7 billion ($3.4 billion).

EGA’s adjusted EBITDA margin was 36 percent, one of the best amongst global industry peers, it added.