Adnoc Distribution’s profit up by 39% to Dhs2.33b for first 9 months – Gulf Today

Adnoc Distribution’s profit up by 39% to Dhs2.33b for first 9 months – Gulf Today

The station also offers impressive sustainability credentials, being partially powered by renewable sources.

Adnoc Distribution on Friday reported that its Ebitda rose by 26 per cent year-on-year to Dhs2.86 billion, and net profit up by 39 per cent year-on-year to Dhs2.33 billion for the first nine months of 2022.

For the third quarter, Ebitda rose by 18 per cent year-on-year to Dhs868 million, while net profit increased by 45 per cent year-on-year to Dhs767 million.

With the record nine-month results, Adnoc Distribution’s growth momentum is expected to continue through the fourth quarter and beyond, on the back of volumes growth, domestic and international expansion and higher non-fuel retail contribution.

The company saw a year-on-year rise of 7 per cent in total fuel volumes over the first nine months of 2022, on the back of the UAE’s continued economic growth, increased traffic at service stations, and substantial increases in