Adnoc Distribution’s Q4 revenue jumps 50% amid economic recovery – The National

Adnoc Distribution’s Q4 revenue jumps 50% amid economic recovery – The National

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, reported a 50.1 per cent surge in its fourth-quarter revenue and the company expects positive growth in 2022 amid economic recovery.

Revenue for the three months to the end of December climbed to Dh6.2 billion ($1.68bn), the company said in a statement to the Abu Dhabi Securities Exchange, where its shares are traded. Revenue for the full year rose 29.7 per cent to Dh20.9bn.

“The company is well positioned to grow its earnings amid economic recovery and driven by expansion in domestic and international markets, while it continues to explore new opportunities to accelerate growth," Adnoc Distribution said.