We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 30 Oct 2008 10:19 AM

Font Size

- Aa +

Taqa announces huge 448% jump in Q3 profit

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)

Arabian Business: why we're going behind a paywall

Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.