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Abu Dhabi National Oil Company distributes PJSC Q3 2022 earnings: beat expectations

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Abu Dhabi National Oil Distribution Company PJSC (ADX: ADNOCDIST) third quarter 2022 results

Key Financial Results

  • Revenue: د.Ø¥8.55b (up 58% from Q3 2021).
  • Net income: EUR 766.8 million (+45% compared to Q3 2021).
  • Margin: 9.0% (in line with Q3 2021).
  • Earnings per share: $0.061 (up from $0.042 in Q3 2021).
revenue and revenue growth
ADX: ADNOCDIST Earnings and Revenue GrowthNovember 13, 2022

All data shown in the table above is for the last 12 months (TTM) period

Abu Dhabi National Oil Company distribution PJSC revenue and earnings beat expectations

Revenue beat analyst estimates by 4.5%. Earnings per share (EPS) also beat analysts’ expectations by 9.5%.

Looking ahead, revenue is expected to grow at an average annual rate of 5.4% over the next 3 years, compared to the 12% growth forecast for the Asian specialty retail industry.

The market is now United Arab Emirates.

Shares of the company were largely unchanged from a week ago.

Risk Analysis

Before you proceed to the next step, you should understand 3 Warning Signs of Abu Dhabi National Oil Company for Distribution PJSC (1 is a bit worrying!) We’ve found out.

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This article by Simply Wall St is general in nature. We provide commentary based solely on historical data and analyst forecasts using an unbiased methodology and our articles are not intended to provide financial advice. It does not constitute advice to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to bring you long-term focused analytics driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Wall Street has no positions in any of the stocks mentioned.

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