Adnoc reports Dhs910m profit in HI – GulfToday
- Date: 14-Aug-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:UAE
Adnoc reports Dhs910m profit in HI – GulfToday
Adnoc remains on track to deliver 50-60 new stations by full year 2020, which includes 20-25 in Dubai.
Adnoc Distribution on Thursday reported that its first half 2020 underlying earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Dhs1.422 million, with net profit at Dhs910 million. For the second quarter, underlying EBITDA was Dhs793 million with net profit of Dhs511 million, a company statement said on Thursday.
Although the COVID-19 pandemic caused unprecedented market conditions in
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