The financial statements of the UAE company Fertiglobe, which is owned by both ADNEC and OCI Chemical Production, showed that the company's profits increased 11 times in the first nine months from this year.
According to the company's results for the Abu Dhabi Financial Market, today, Monday, the profits for the period amounted to about $336.2 million, compared to $29.2 million in profits for the first nine months of 2020.< /p>
The net profit attributable to shareholders in the third quarter of this year amounted to about 137.7 million dollars, compared to 6.2 million dollars in the same period last year, a significant increase of more than 2000 %.
The company said in a statement to the market that it has increased its dividend distribution guidance from at least $200 million to no less than $240 million for the second half of this year. Payable on April 22nd.
It is worth mentioning that the company's shares were listed and traded in the Abu Dhabi market, last October, which is the third largest listing in the market, and the stock recorded gains of more than 20% in the first his trading day.
