ADNOC Logistics and Services Company, by publishing its financial results for the first half of 2024, announced that the company's net profit increased by 31%.

According to Amac News: ADNOC's report states that the company's net profit has reached 1473 million dirhams.
According to the report, this figure is equivalent to 0.20 dirhams per share, which has increased by 31% compared to the first half of 2023.
The report states that the company reported revenue of 6,390 million dirhams, which is a 42 percent increase compared to the first half of 2023.
EBITDA increased by 42% to AED 2,170 million, driven by strong performance across all business segments, maintaining EBITDA margin at 34%.
The second quarter income of this company reached 3302 million dirhams with an annual increase of 42%, and the EBITDA reached 1124 million dirhams with a 40% growth compared to the previous year, and the second quarter net profit reached 764 million dirhams with a 28% increase compared to the previous year.
This strong financial growth is driven by the continued execution of ADNOC L&S' transformational growth strategy whereby the company plans to invest more than AED 18.4 billion in value-adding growth opportunities in energy-related maritime logistics by the end of 2028.
ADNOC L&S has committed more than 50% of this strategic investment target a year after its record-breaking IPO, including significant investments against long-term contractual demand.
ADNOC L&S's integrated logistics division's revenue rose to AED 4,157 million, up 55% in the first half of 2023.
The income of the transportation sector increased by 27% to 1906 million dirhams and the income of the marine services sector increased by 1% compared to the first half of 2023 and reached 327 million dirhams.