Abu Dhabi National Energy Company (Taqa) has reported a AED6 billion ($1.63 billion) net income for FY 2021, an increase of AED 3.2 billion, with greater contribution from energy segment, while its revenue grew by 11% due to higher commodity prices.
ABU DHABI, 11th February, 2022 (WAM) Abu Dhabi National Energy Company (TAQA) today reported consolidated financial results for the year ended 31st December 2021 with net income (TAQA-share) of AED6.0 billion, an increase of AED3.2 billion, thanks to greater contribution from the Oil & Gas segment and reflecting the AED1.5-billion post-tax impairment charge in the previous year.
The Group revenues of AED45.7 billion, 11 percent higher than the prior-year period, primarily due to higher commodity prices within the Oil & Gas segment, according to.