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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

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Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

ADNOC Drilling 9M net profit $568m

ADNOC Drilling reported a net profit of $446 million, up 18 percent year-on-year. (WAM)
  • The third quarter revenue was $372 million, up 33 percent year-on-year.
  • Offshore revenue for the nine-month period was $431 million, broadly flat versus the prior year.

Abu Dhabi, UAE—ADNOC Drilling reported that its net profit for the first nine months of 2022 grew by 24 percent to $568 million, while revenue increased 15 percent to $1.94 billion compared to the same period last year.

Nine-month EBITDA was US$879 million for 2022, up 12 percent year-on-year, at an industry-leading EBITDA margin of 45.3 percent.

Onshore revenue for the nine-month period was $1.074 billion, up 27 percent year-on-year, largely driven by new rigs joining the fleet. The third quarter revenue was $372 million, up 33 percent year-on-year.

Offshore revenue for the nine-month period was $431 million, broadly flat versus the prior year. The third quarter revenue was $143 million and, due to planned maintenance, down nine percent year-on-year.

Offshore Island revenue for the nine-month period was $153 million, similar to 2022 and the third quarter revenue of $52 million was down 14 percent year-on-year due to a one-off claim concluded and recognised in 3Q 2021.

Oilfield Services segment performed very well in the nine-month period, with revenue of $282 million, up 22 percent year-on-year, driven by higher activity from continued expansion