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Saturday, November 21 - 2009

Taqa Q3 profits fall 88%

  • United Arab Emirates: Thursday, November 12 - 2009 at 11:04

State-controlled Abu Dhabi National Energy Co. (Taqa) has reported an 88% fall in third-quarter profit, as income from oil and gas sales fell, Bloomberg has reported. Net income had dropped to Dhs90m ($24.5m), from Dhs723m a year earlier, the energy producer said. Sales also dropped to Dhs3.9bn from Dhs4.5bn.

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