The net profit of Fertiglobe, listed on the Abu Dhabi market, decreased by 81.5% during the second quarter of this year, compared to the same quarter of 2022, to reach $79.2 million, and the company’s profits decreased in the first half of this year by about 73% on an annual basis, to record $214.9 million. dollar.
This decrease is mainly due to a decline in revenues during the comparison period by 53% as a result of a decrease in the quantities sold in some products and a decrease in the prices of some products.
The company's management has recommended distributing cash dividends of no less than $250 million for the first half of 2023, provided that the proposal is approved at the Board of Directors meeting in September 2023.
