Abu Dhabi’s ADNOC Distribution posts 4.2% profit rise in 2019

Abu Dhabi’s ADNOC Distribution posts 4.2% profit rise in 2019

UAE's ADNOC Distribution, the fuel distribution arm of Abu Dhabi National Oil Company (ADNOC), posted a net profit of Dhs2.22bn in 2019, marking a 4.2 per cent rise, compared to Dhs2.12bn in 2018, it announced on Wednesday.. "As we sharpen our focus on customer experience and pursue growth opportunities, both domestically and internationally, we will expand all our distribution channels to reach larger market segments and sustain volume growth.. OPEX reduction and optimization of CAPEX also remain key priorities"..