Abu Dhabi National Energy Co (Taqa) said on Thursday it made a fourth-quarter net profit of Dh618.8 million, up 174.16 per cent from the year-earlier period.
The company posted profit attributable to shareholders of Dh1 billion in 2007 compared with Dh484.96 million the year earlier, it said in a statement, without giving quarterly data. Reuters calculated the fourth-quarter profit based on earlier financial data.
Taqa made profit attributable to shareholders of Dh225.71 million in the fourth quarter of 2006 and Dh381.20 million in the first nine months of 2007, according to financial data posted on the stock market regulator's website. (Reuters)
Abu Dhabi's Taqa Q4 profit up 174%