EN+ Group's net profit for 2022 fell by 47.8%

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AK&M 23 March 2023 11:50

The net profit of MCPAO EN+ Group for 2022 fell by 47.8% to $1.8 billion from $3.5 billion a year earlier. Revenue increased by 17.2% to $16.55 billion from $14.1 billion. Adjusted EBITDA fell by 21.9% to $3.12 billion from $3.99 billion. This is stated in the company's report.

En+ Group is a leading vertically integrated producer of aluminum and electricity. The company combines electric generating assets and aluminum production.

EN+ Group's net profit in 2021 increased 3.5 times to $3.5 billion from $1.02 billion a year earlier. Adjusted EBITDA rose to $3.99 billion from $1.86 billion. Revenue increased by 36.4% and amounted to $14.12 billion.