Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) on Thursday reported an AED 253 million net profit in the fourth quarter of 2017.
Net profit of the energy producer reached AED 171 million in 2017 versus a total loss of AED 19.034 billion in the year-ago period, the company said in a statement.
The UAE-based firm’s revenues increased by 3% to AED 16.7 billion in 2017 from AED 16.1 billion a year earlier.
Earnings before interest, taxes, depreciation, and amortisation registered AED 9.5 billion last year, against AED 8.5 billion in 2016, TAQA’s data showed.
