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Taqa says annual profit doubled
- United Arab Emirates: Thursday, January 31 - 2008 at 12:24
Abu Dhabi National Energy Co. (Taqa) has announced that its full-year profit more than doubled after the power distributor expanded, reported Bloomberg. Net income surged to 1bn dirhams ($270m), or 0.24 dirhams a share, from 484.9m dirhams, or 0.12 dirhams, a year earlier. Revenue rose to 8bn dirhams from 4.8bn dirhams.
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Jeff Florian, Senior ReporterThursday, January 31 - 2008 at 12:24 UAE local time (GMT+4)
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