The National · 12 Nov 2026
Adnoc L&S expects $4 billion full-year profit as tanker rates surge
Adnoc Logistics and Services raised its full-year profit forecast for the fourth time this year after third-quarter earnings more than quadrupled, as disruption from the Iran war drove up tanker charter rates. Net profit attributable to the equity holders of the company jumped 310 per cent to $842.7 million in the three months to the end of September, from $205.4 million a year earlier, the Abu Dhabi-listed company said on Thursday.
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