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Archyde May 10, 2021 by archyde Abu Dhabi (Al-Ittihad) achieved ADNOC Distribution Company Net profit of 631 million dirhams during the first quarter of the current year 2021, with a growth of 57.8%, compared to the same period last year, driven by improved margins and reduced operating expenses. The company said in a statement today that the EBITDA amounted to 817 million dirhams, a growth of 46.9%. ADNOC Distribution recorded basic profits before deducting interest, tax, depreciation and amortization of 740 million dirhams during the first quarter, while the total profit amounted to 1.32 billion dirhams, up 19.4%, compared to the same period last year. The company maintained strong cash flow generation, with free cash flow reaching 835 million dirhams, a growth of 56.7%.

Saudi arabiaKingdom of saudi arabiaAbu dhabi al ittihadAhmed al shamsiDistribution company netAbu dhabiCompany netசவுதி அரேபியாகிஂக்டம் ஆஃப் சவுதி அரேபியாநிறுவனம் நிகர