ADNOC distribution announces H1 2020 results | ZAWYA MENA Edition

ADNOC distribution announces H1 2020 results | ZAWYA MENA Edition

Accelerates e-commerce strategy by introducing new fuel and grocery delivery services Growth Strategy delivers 25 stations in H1, reaching a total of 406, with 25-35 more planned to open in H2 Company remains committed to its progressive dividend policy Abu Dhabi, UAE: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE's largest fuel and convenience retailer, which is listed on the Abu Dhabi Securities Exchange (ADX), today reported that its first half 2020 underlying EBITDA stood at USD 387 million, with net profit at USD 248 million. For the second quarter, underlying EBITDA was USD 216 million with net profit of USD 139 million.Resilient financial performanceAlthough the COVID-19 pandemic caused unprecedented market conditions in the first half of the year, the Company remained resilient, delivering a 7.6% increase in underlying EBITDA for the first