Feb 05 2011 |
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EQUATE realizes USD 880 Million net profit in 2010
With a 73% increase over 2009
Sales value exceeds USD 2 billion for the 1st time
On this occasion, EQUATE President & CEO Hamad Al-Terkait said, "These profits were realized due to high efficiency in operating all production units, as well as the global rise in prices of petrochemical products, despite gas feedstock limitations facing the company's plants."
Al-Terkait noted, "For the first time in EQUATE 's history, sales value in 2010 has exceeded USD 2 billion which is a result of operating all production units and exporting products."
Al-Terkait explained, "This astounding success stems from the combined efforts of EQUATE employees who work as a unified team, as well as the unwavering support from our strategic partners and board members."
Contact: Ali Y. Al-Hamad
T: (+965) 2576-5661
M: (+965) 9722-8611
E: alhamaay@equate.com
© Press Release 2011
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