Adnoc Drilling profit jumps 48% on higher revenue – The National
- Date: 10-Nov-2021
- Source: The National
- Sector:Financial Markets
- Country:Gulf
Adnoc Drilling profit jumps 48% on higher revenue – The National
Adnoc's drilling subsidiary reported a 48 per cent increase in third-quarter net profit, backed by its onshore and oilfield services segments.
Net profit climbed to $178 million, from $120m in the same period a year earlier, Adnoc Drilling said in a regulatory filing on Wednesday to the Abu Dhabi Securities Exchange, where its shares are traded.
Revenue for the three-month period to the end of September rose 11 per cent to $571m.
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