The profits of the UAE's ADNOC Gas Company decreased by 7% during the first quarter of this year on an annual basis to reach $1.187 billion, after tax expenses increased with the company starting to register income tax since the middle of last year.
The financial statements of the company listed on the Abu Dhabi Securities Exchange showed that its revenues grew by 11% to $4.6 billion.
Net income expenses during this period amounted to $416.6 million, which is about 6 times greater than the same period last year.
