Arabian Put up Workers
ADX-listed ADNOC Distribution right this moment reported that its EBITDA stood at AED 3.1 billion, with web revenue of AED2.2 billion for 2021. For the fourth quarter of 2021, EBITDA was AED802 million, whereas web revenue stood at AED571 million.
The corporate delivered a resilient monetary efficiency all through 2021, regardless of volatility brought on by the COVID-19 pandemic. ADNOC Distribution has maintained a robust steadiness sheet as of 31 December 2021, and stays well-positioned to proceed increasing each its home and worldwide portfolio in step with its sensible development technique.
As of 31 December 2021, the corporate’s liquidity stood at AED5.0 billion within the type of AED 2.3 billion in money and money equivalents and AED 2.8 billion in unutilised credit score services.
ADNOC Distribution’s business enterprise continued to implement a proactive gross sales technique all through 2021, together with elevated worldwide enlargement of its ADNOC Voyager lubricants to new markets. New distributors added within the third and fourth quarters in Angola and the Democratic Republic of Congo, has now expanded the corporate’s international footprint throughout a complete of 19 markets and contributed to an enchancment within the business enterprise gross revenue in comparison with 2020.
ADNOC Distribution noticed quarter-on-quarter development in complete gasoline volumes in 2021, with a rise of 4% within the fourth quarter in comparison with the third. As well as, ADNOC Distribution has continued to see incremental volumes from its Dubai stations, with a complete of 31 stations now in operation within the emirate.
Additionally printed on Medium.