Abu Dhabi – Mubasher: Abu Dhabi National Oil Company’s (ADNOC) distribution unit, Adnoc Distribution, has reported a 12% hike in net profit during the first quarter of 2018, registering about AED 542.2 million.
Revenue also surged 13% year-on-year to AED 5.16 million in Q1-18, while other income reached to AED 51.4 million in the same period, according to a bourse statement released on Wednesday.
The Abu Dhabi-listed company’s total fuel sales volume grew 1% year-on-year to 2.3 billion litres in the first three months of 2018.
Adnoc Distribution’s operating profit recorded AED 577.6 million from January to March, the company’s data showed.
