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ADNOC Drilling company, a subsidiary of Abu Dhabi’s state oil company ADNOC, reported on Thursday a net profit of $219 million in the first quarter of 2023, or 25 percent higher year-on-year on the driven by onshore and oilfield services segments.
The company reported revenue of $716.1 million in the first quarter compared to $601 million in the first quarter of last year, as the board of directors of ADNOC Drilling has previously recommended a dividend of AED 1.25 billion for 2022.
