Taqa profit doubles on higher oil prices and economic recovery – The National
- Date: 10-Nov-2021
- Source: The National
- Sector:Financial Markets
- Country:Gulf
Taqa profit doubles on higher oil prices and economic recovery – The National
Abu Dhabi National Energy Company, better known as Taqa, said its third-quarter net profit doubled due to improved economic growth and higher oil prices.
Net profit for the three-month period through to the end of September rose to Dh1.4 billion ($382m), from Dh700m during the same period last year.
Overall revenue climbed 11.3 per cent to Dh12.08bn during the reporting period.
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