UAE: EGA posts positive financial results for CY22

UAE-based Emirates Global Aluminium (EGA), one of the world’s largest premium aluminium producers, has reported strong financial results for CY22.

• Adjusted EBITDA was AED 12.4 billion ($3.4 billion), up 37% from AED 9 billion ($2.5 billion) in CY21.
• Net profit was AED 7.4 billion ($2 billion), up 34% from AED 5.5 billion ($1.5 billion) in CY21.
• Hot metal production stood at 2.65 mnt and alumina output at around 2.43 mnt.