ADNOC Distribution achieved record profits before interest, tax, consumption and firefighting, amounting to 3.86 billion dirhams in 2024, an increase of 4.8% on an annual basis.
The basic profits – before deducting interest, tax, consumption and extinguishing, with the exception of inventory gains and unexpected items – reached 3.63 billion dirhams, an increase of 11.4% on an annual basis.
The company stated, in a statement yesterday, that the average net profit increased 2.4% on an annual basis to 2.66 billion dirhams, before calculating the impact of income tax on companies in the country, which entered into force in the same year, reflecting the strong basis of the company.
Follow our latest local and sports news and the latest political and economic developments through Google News