KUNA - Equate Petrochemical Group has announced its financial results for the first half of this year, reporting a net profit of USD 377 million. This figure represents a decrease from the USD 537 million in profits achieved during the same period last year. In a press release issued today, Wednesday, Equate Petrochemical disclosed total revenues of USD 1.51 billion for the first half, compared to USD 2.23 billion in the corresponding period last year. Group Chief Executive Officer Nasser Al-Dossary was quoted in the statement, saying, "Despite a decline in sales and profits compared to previous periods due to product supply availability and challenging economic market conditions, the company maintained exceptional operational performance." Al-Dosari further emphasized that the current results and figures underscore the company's market position, commitment to operational efficiency, and the advantages of its competitive cost structure and strategically located production facilities.