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ADNOC Logistics and Services (ADNOC L&S) has reported its Q1 2024 financial results, revealing a 42% year-on-year increase in revenue and a 44% rise in EBITDA. The company's net profit increased by 34% year-on-year to $194 million. As a result of the strong Q1 performance, the company has revised its earnings guidance upwards. Shareholders have approved a cash dividend of $130 million, equivalent to 6.45 fils per share for H2 2023. The company continues to execute its transformational growth strategy, with plans to invest over $5 billion in energy-related maritime logistics over the medium term.

The document is an unaudited review report and interim condensed consolidated financial information of NOC Logistics & Services plc as of 31 March 2024. The report is intended for users who are interested in finance and investing.

The text is about the Q1 2024 Earnings Management Discussion & Analysis Report of ADNOC, which was released on 8 May 2024. The report is classified as public.

Dana Gas, the largest private sector natural gas company in the Middle East, reported a net profit of AED 139 million ($38 million) and revenue of AED 356 million ($97 million) for Q1 2024. However, this marked a decrease from Q1 2023 earnings, primarily due to lower hydrocarbon prices. The company's consolidation plan was supported by the Egyptian Cabinet's approval of a draft law allowing a new Concession Agreement with Dana Gas, with parliamentary ratification expected soon. However, a drone attack on a condensate storage tank at Khor Mor temporarily halted production and might impact the KM250 project's completion schedule. Despite the incident, the company reported strong production numbers in the KRI and improved receivables, enabling Pearl to resume dividend payments.

On 7th May 2024, Emsteel Building Materials PJSC held its 3rd board of directors meeting. The board approved the financial statement for the first quarter of 2024 and discussed other business matters. The meeting was held at 03:15 pm. The information was disclosed to the Market Operation Surveillance Department at the Abu Dhabi Securities Exchange and a copy was sent to the Securities and Commodities Authority (SCA). The notification was signed by Eng. Saeed Ghumran Al Remeithi, the Group Chief Executive Officer of Emsteel Building Materials PJSC.