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ADNOC Gas plc
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3 months
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ADNOC Gas Reports 24% Y-o-Y Increase in Q4 2023 Net Income to $1.35 Billion
ADNOC Gas plc, a prominent player in the energy sector, has released its financial results for Q4 2023 and FY 2023. This announcement showcases significant growth in net income, robust performance, and strategic investments, positioning the company as a key contributor to the industry. Read on to explore the highlights of ADNOC Gas' achievements and its commitment to sustainability.
ADNOC Gas plc reported a significant 24% year-on-year increase in net income for Q4 2023, reaching $1.35 billion. The full-year performance exceeded market expectations with revenues of $22.7 billion and net income of $4.7 billion. The company confirmed a full-year dividend of $3.25 billion. Key investments in 2023 included contracts totaling $4.9 billion for capacity expansion and infrastructure development. ADNOC Gas remains committed to supporting ADNOC's and the UAE's Net-Zero ambitions, with investments in carbon capture projects.
ADNOC Gas plc
4 months ago
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