During the first half of this year, ADNOC Drilling recorded an increase in its revenues, amounting to $1.4 billion, an increase of 13% year-on-year.
The growth achieved by the company in revenues, according to its statement, was driven by the oilfield services sector and the self-elevating offshore rigs sector. Net profits rose to $446 million, an increase of about 18% year-on-year.
In turn, revenues for the second quarter grew by 8% year-on-year to reach $724 million, an increase of 1% compared to the first quarter. Net profit for the period increased by 11% year-on-year to reach $227 million.
According to the company’s statement, and in line with its progressive dividend policy, it is expected that interim dividends for the current year will increase by no less than 5% compared to last year.
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