ADNOC distribution records 28% y-o-y increase in Q3 2023 EBITDA, one of its strongest results since IPO

ADNOC Distribution today announced robust Q3 2023 results, reporting a 28% year-on-year (Y-o-Y) increase in EBITDA to $303 million (AED1.1 billion) and a 9% Y-o-Y increase in net profit to $227 million (AED835 million).The results are among the strongest since the Company's initial public offering