By Stanley Carvalho
Abu Dhabi National Energy Company posts third quarter profit of $196mn.
Abu Dhabi National Energy Company (Taqa) reported a 448 percent increase in third-quarter profit to 723 million dirhams ($196 million), the company said on Thursday.
Third-quarter revenue grew 81 percent to 4.5 billion dirhams versus 2.5 billion in the same period of 2007.
Earnings per share grew to 0.35 dirhams in the nine-months to Sept 30 compared to 0.09 dirhams in the year-earlier period. (Reuters)