ABU DHABI/WAM ADNOC Distribution today announced its financial results for the second quarter of 2024. The Company reported a 15.0% YoY increase to $267 million in Q2 2024 EBITDA, and a 12.9% YoY rise in net profit to $170 million. Excluding the impact of the UAE corporate tax, net profit would have increased by 24.5% YoY to $187 million. Strong …

ABU DHABI/WAM Etihad Airways today announced its H1 2024 results, recording a 48 percent increase in profit after tax achieving AED851 million (US$232 million), a significant increase from AED575 million (US$157 million) in H1 2023. Total revenue increased 21 percent to AED11.7 billion ($3.2 billion), from AED9.6 billion ($2.6 billion) in H1 2023, mainly due to passenger revenue, which saw …

DUBAI/WAM Dubai Electricity and Water Authority (DEWA) today reported its first half 2024 consolidated financial results, recording revenue of AED13.7 billion, EBITDA of AED6.6 billion, operating profit of AED3.3 billion and profit after tax of AED2.6 billion. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, “Our first-half financials reflect robust revenue growth of 7.3% and impressive EBITDA growth …