Economy Country October 29, 2024

Borex Digital Achieves 3.3 Billion Dirhams in Profits in 9 Months

Borex Company for Biotechnology achieved a profit of 3.3 billion dirhams (908 million dollars) in the first nine months of the current year, reflecting sustained growth in the biotechnology sector.


Borex Digital Achieves 3.3 Billion Dirhams in Profits in 9 Months

The company Brooge Petroleum and Gas Investment Co earned a net profit of 3.3 billion dirhams (908 million dollars) for the first nine months of the current year. This increase in profit, compared to the same period last year, amounted to 538%.

The company's profit grew due to increased sales volumes and higher prices for its services. Revenues from the company's core activities increased by 56 percent, reaching 7.54 billion dirhams. The performance results of Brooge Petroleum and Gas Investment Co were recognized as one of the best in their industry.

The main executive director of the company expressed satisfaction with such successful results and supported the company's strategy for further development and increased production efficiency.