The Gulf's second-largest utility by market value reports a first-quarter revenue of $286m.
Abu Dhabi National Energy Co. (Taqa), the Gulf's second-largest utility by market value, said first-quarter revenue rose 44% to 1.05 billion dirhams ($285.9 million).
Taqa generated income of 698 million dirhams in the three months to March 31 last year, the company said in a statement. It did not give a first-quarter profit figure.
Emaar Financial Services forecast in a Reuters survey in March that Taqa's profit would surge 141% to 164 million dirhams.