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Abu Dhabi – Mubasher: The national energy company Abu Dhabi (TAQA) saw its profits increase on the growth of its turnover at the end of the second quarter.
According to the results, the company's profits in the second quarter of this year increased 23.8% to 208 million dirhams, against a profit of 168 million dirhams at the same time last year.
According to the results, the company's total revenues for this period amounted to 4662 million AED, compared with 4264 million AED for the same period last year.
The company's profits in the first half of this year dropped 23 percent to AED 214 million, compared with a profit of AED 278 million at the end of the first half of 2018.
Operating expenses increased by 8% to reach 3,093 million AED, against 3,714 million AED for the same period in 2018.
The fair value of derivatives and fair value hedging activities decreased by 85% to AED 16 million from AED 105 million in the same period of 2018.
During the first half of this year, the share of the consortium's results decreased to AED 45 million, compared with AED 144 million in the first half of 2018.
And announced Society The National Energy Company of Abu Dhabi (TAQA) today announced a 148% profit increase at the end of 2018 AED 396 million, compared with a profit of AED 160 million for the same period in 2017.
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