1.4 billion dirhams ADNOC Distribution profits during the first half
ADNOC Distribution announced today its financial results for the first half of the year 2020, as the company recorded basic profits before deduction of interest, tax, depreciation and amortization of 1.422 billion dirhams, while the net profit of the company reached 910 million dirhams. During the second quarter, basic earnings before deduction of interest, tax, depreciation and amortization amounted to 793 million dirhams, and net profit 511 million dirhams.
Ahmed Al Shamsi, Acting CEO of ADNOC Distribution said: “We are proud of the measures that ADNOC Distribution has adopted to address the emerging corona virus despite the exceptional circumstances that the market faced, as our efforts continued to ensure that our services reach customers, while providing them with more options. In the quantities of fuel sold as a result of easing movement restrictions at the state level, and we have maintained our strategy for smart growth to expand our presence, and to ensure that our service network reaches all parts of the UAE, especially in the heart of residential neighborhoods that were not previously provided with easy fueling services.