Abu Dhabi National Energy Company PJSC (Taqa), one of the largest listed integrated utilities in the region, has launched Etlaq, a new platform for its professional training programme.
Abu Dhabi National Energy Company(Taqa), one of the largest listed integrated utilities in the region, reported net income of AED1.4 billion ($380 million) for the first quarter of 2021.
Taqa posts Dh1.4b in Q1 net profit; declares interim dividend
Taqa Group announced a new 2030 strategy for sustainable and profitable growth.
The group’s earnings before Ebitda was Dh4.7 billion, up 12 per cent, mainly reflecting higher revenues, lower operating expenses and higher income from associates.
Abu Dhabi National Energy Company (Taqa) reported on Wednesday a net income of Dh1.4 billion for the quarter, boosted by improved commodity prices in the oil and gas segment.
The leading integrated utilities company, which had reported a loss of Dh548 million in the year-earlier period, said its group revenues rose 3.0 per cent to Dh10.3 billion reflecting a recovery from softer economic conditions “underpinned by its stable contracted and regulated utilities businesses.”
Taqa reports Dhs10.3 billion revenue in the first quarter
05 May 2021 Taqa delivered strong performance underpinned by its stable contracted and regulated utilities businesses. Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in the region, reported consolidated financial results for the period ended March 31, 2021.
Taqa delivered strong performance underpinned by its stable contracted and regulated utilities businesses. Results were boosted by improved commodity prices in the oil and gas segment, reflecting a recovery from softer economic conditions in 2020.
The firm posts revenue of Dhs10.3 billion, 3 per cent higher than the prior period, primarily due to higher commodity prices within the Oil & Gas segment.