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Media in Abu Dhabi 13-04-2019 /
ADNOC Distribution has focused on efforts to develop and enrich the customer experience at its 385 locations and in its retail stores.
With 210 million customers in 2018 through 168 million purchases of fuel and 42 million purchases of non-oil products.
A report that highlights the company’s achievements since the initial public offering of its shares shows that the year 2018 is unique for ADNOC Distribution, which has achieved great success in entering the Dubai market to become the first fuel distribution company operating in all the seven emirates as the expansion began internationally through the opening Its first two stations in Saudi Arabia.
The company’s continued ambitions and aspirations for further international expansion in 2019 and beyond are underscored by its focus on long-term partnerships with local partners in the target markets as the company continues its trend towards further expansion.
The company has already begun selling its own oil products in India, the world’s second largest lubricant market and seeking further expansion in the Saudi market and locally in Dubai.
ADNOC Distribution and its expansion plans contributed to the strong financial performance of the company, which reflected the financial results for 2018 with a net profit of 18% and AED 2.1 billion, while pre-tax, amortization and amortization increased by 22% to AED 2.7 billion.
The report attributed the good financial results for 2018 to a number of factors, including the company’s retail revitalization program, which contributed to an increase in the basket size by 10.8% in the fourth quarter of FY2018 compared to 2017 and 16.8% in 2018 compared to the year 2017.
