ADNOC Logistics and Services (L&S)’ 2023 financial results, recently released, were exceptionally positive for the Abu Dhabi-based company.
On a full-year basis, ADNOC L&S delivered a net profit of US $620 million (AED2,277 million), representing a 138% year-on-year increase over a net profit of US $261 million (AED959 million) in 2022. The company generated revenues of US $2,755 million (AED10,118 million) in 2023, marking a 41% increase over 2022.
Commenting on the company’s results, Captain...
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