Black Rose Industries Ltd — earnings calls

Black Rose Industries reported Q4 revenue growth of 38% and EBITDA growth of about 90%, with EBITDA margin improving from 9.7% to 11% year-on-year, driven by its stock and sale distribution model and growth in the manufacturing division. Management said standalone full-year revenue saw a minor dip due to a sustained decline in chemical prices through the year, even as volumes grew. The company also discussed the permanent revocation of closure directions at its plant, a dividend of 125% for the year, and ongoing projects including PAM solid, new downstream acrylamide products, and a specialty amines project with Koei Chemicals.