Borouge Reports a Net Profit of 490 Million Dollars for the Second Quarter

Borouge is a petrochemical company based in the state of Abu. It is a joint venture between Borealis AG and Abu Dhabi National Oil Co Dhabi and is designed to produce specialty plastics for consumers and manufacturing goods.

Investors looked in awe as Borouge shared that its net profit for the second quarter equaled up to 490 million dollars. Compared to the first quarter’s net profit, it had risen by 35% pro forma income. This....