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  • 11-11-21

    Taqa in Abu Dhabi to increase its net profit

    (MENAFN) Abu Dhabi National Energy Corporation, called Taqa, reported that its July-September period net profit increased to a double as a result of enhanced economic development and higher crude prices.

    Net profit for the mentioned period increased to Dh1.4 billion (USD382m), up from Dh700 million (about USD 190.5) during the same time span a year ago.

    Total revenue jumped 11.3 per cent to Dh12.08bn (about USD 3.28) in the corresponding period.

    Jasim Thabet, group chief executive and managing director reported, "Taqa has demonstrated strong financial performance this year, highlighting the company’s ability to deliver on our promises."

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