ADNOC Distribution Result Review: 3Q24 Core Profit Down 2% YoY (+10% QoQ) To AED595mn
ADNOC Distribution posted 3Q24 core attributable profit (adjusted for inventory gains and forex gains/losses) of AED595mn, down 2% YoY (+10 QoQ)
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ADIB Results Review - 3Q24 Earnings up 13.6% YoY (+3% QoQ), Operationally Inline
Shareholders profit grew 13.6% YoY to AED1.54bn (+3.0% QoQ; +12% vs estimates). Net interest income almost flat YoY to AED1.58bn (-3.1% QoQ; -7.7%...
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ADNOC Drilling: 3Q24 profit up 30% YoY (+14% QoQ) to USD335mn, higher than estimates
ADNOC Drilling posted 3Q24 profit after tax of USD335mn, up 30% YoY (+14% QoQ). The result was higher than our estimates mainly led by outstanding...
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3Q24 Quarterly Previews for IS Coverage Universe
We expect ADNOC Drilling to post 3Q24e shareholder’s profit of USD311mn, up 21% YoY and 6% QoQ. We expect total rig count to increase to 143 rigs,...
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EITC (DU) - 3Q24 Earnings up 43% YoY (+24% QoQ), Higher than Estimates
Du reported 3Q24 profit of AED719mn, up 43% YoY, and 24% QoQ; higher than estimates. Fixed subscriber base went up 14. 2% YoY to 655K with net...
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