Shareholders of Adnoc Logistics & Services (Adnoc L&S) had much to smile about on Wednesday when the Abu Dhabi-listed shipowner announced a spike in profitability.
Net profit increased by 31% year on year to $401m as revenue jumped by over 40% to $1.74bn.
Adnoc L&S’ interim financial report contained plenty of data showing the positive impact of the increasingly important offshore and energy shipping sectors.
