Taqa's net profit jumps 113%
United Arab Emirates: Tuesday, March 18 - 2008 at 07:08
The Abu Dhabi National Energy Company (Taqa) on Monday reported a 72% jump in revenues to Dhs8.3bn ($2.26bn)last year, up from Dhs4.8bn in 2006. Profit exceeded Dhs1bn, while revenue from the electricity and water business grew by 49% to Dhs4.7bn from Dhs3.2bn in 2006. This excludes supplemental fuel sales in both years. Net profit (after minority interests) grew 113% to Dhs1bn.
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Jeff Florian, Senior ReporterTuesday, March 18 - 2008 at 07:08 UAE local time (GMT+4)
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