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ADNOC Gas reports record second quarter net profit of $1.19 billion

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ADNOC Gas reports record second quarter net profit of .19 billion

ADNOC Gas, a world-class integrated gas processor, and its subsidiaries today announced strong financial results for the second quarter (Q2) of 2024, reporting adjusted net profit of US$1.190 billion, an improvement of 21% year-on-year. Second-quarter revenues increased 13% year-on-year to $6.076 billion. In the UAE, population growth and industrial growth contributed to higher revenues in […]

Next week on Wall Street: Investors focus on Producer Price Index (PPI), Consumer Price Index (CPI), Walmart earnings

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Next week on Wall Street: Investors focus on Producer Price Index (PPI), Consumer Price Index (CPI), Walmart earnings

Following last week’s stock market collapse, Wall Street investors’ eyes next week will be on inflation figures scheduled for release on Tuesday and Wednesday: the Producer Price Index and the Consumer Price Index. Other important economic data will also be released next week, including retail sales and industrial production figures. On the earnings side, heavyweights […]