ADNOC Drilling achieved a 19% increase in quarterly profit to record $205 million.

According to Arabiya Net, the results were better than analysts' expectations at $175 million.

The increase in profits was supported by an 11% increase in revenues to reach $670 million.

The company's board of directors approved the distribution of cash dividends to shareholders for the first half of the year, amounting to $341 million, to be paid in the fourth quarter of the year, an increase of 5% over the dividends for the second half of last year.