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Taqa shares even after 2012 results published
- United Arab Emirates: Wednesday, March 13 - 2013 at 14:36
Shares of Abu Dhabi National Energy Co. or Taqa ended flat at Dhs1.34 at the ADX. Earlier in the day, the majority state-owned oil & gas and utilities firm said its net profit after minority interest fell 13% year-on-year in 2012, amounting to Dhs649m amid declining gas prices in the U. S. and Canada, among other factors. The Doha-based daily The Peninsula said in a report published earlier today, Taqa expected to launch a bond worth $800m in order to finance the Shuweihat S2 power and water project, quoting a Taqa senior executive.
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Gérard Al-Fil, Financial JournalistWednesday, March 13 - 2013 at 14:36 UAE local time (GMT+4)
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