ADNOC Distribution reports record $1 billion EBITDA in 2023

ABU DHABI: ADNOC Distribution today reported robust results for 2023, recording a 4.6% year-on-year growth in earnings before interest, tax, depreciation and amortisation (EBITDA) to $1.002 billion (AED3.68 billion). With this, the Company has success…

DAE logs net profit of $351 million in 2023

DUBAI: Dubai Aerospace Enterprise (DAE) Ltd today reported its 2023 financial results, with total revenue increasing 16 percent to US$1.3 billion and profit of US$351 million.

The number of aircraft acquired by DAE reached 20 (10 owned and 10 managed…