ADNOC Distribution reported an increase in net profits by 18% last year to AED 2.128 billion, Emirates News Agency (WAM) reported.
“Our 2018 results confirm our ambition to deliver and sustain strong financial performance through operational excellence and premium customer service,” said Saeed Al Rashdi, the company’s acting CEO.
The recent local expansion is an opportunity for ADNOC Distribution to demonstrate to its customers the great service levels and a wide range of products, which are now available across the nation.
Last year, the Abu Dhabi National Oil Company’s (ADNOC) subsidiary became the first fuel retailer serving the seven emirates in the UAE.
“This is the beginning of a journey, with further expansion to come inside the UAE and internationally in 2019,” Al Rashdi added.