ABU DHABI / WAM Adnoc Distribution on Sunday reported that its first-half 2019 net profit increased by 4.3 percent, to AED1.173 billion, compared with the same period last year. Free cash flow (EBITDA minus capital expenditures) generation was up 21 percent year-on-year to AED1.345 billion in the first half of 2019. For the second quarter of 2019, EBITDA was AED750 ...

Bloomberg The government needs to spend about 25 billion pesos ($486 million) to provide electricity to the 13 million Filipinos who live without it, the Philippine Star on Sunday cited a lawmaker as saying. Mikee Romero, the head of the Party-list Coalition in the House of Representatives, said that the government should boost the country’s electrification program to reach the ...

Bloomberg Maruti Suzuki India Ltd. reported the biggest decline in sales in almost seven years as a slowdown in consumer spending, the largest driver of growth in the $2.7 trillion economy, became more pervasive. Total sales dropped about 34% from a year earlier to 109,264 units in July, according to a statement. Deliveries of its hatchback models fell 23%, even ...