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TAQA' profits increases sharply

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TAQA' profits increases sharply

By Energy Connects

Aug 11, 2021

image is Shutterstock 1013670679

TAQA reports an 86 percent annual rise in its second quarter net income.

Abu Dhabi National Energy Company (TAQA), owned by Abu Dhabi state-owned holding company ADQ, reported an 86 percent annual rise in its second quarter net income.

According to a statement, the company's net profit for the three months ending June 2021, rose to Dh1.42 billion (USD386.92 million).

Supported by income and distribution of utilities, the company's revenue rose to Dh11.8bn (USD 3.21 bn) from Dh1.4bn (USD 0.38 bn) in the previous year.

TAQA Utilities ADQ Abu Dhabi United Arab Emirates

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