Taqa reports net profit of Dh431M

Abu Dhabi National Energy Company (Taqa) has reported a net income of Dh431 million for the first nine months of 2018, with growth being driven by higher global oil prices, and greater efficiency at the company’s power assets. In the first nine months of 2018, Taqa recorded an eight per cent year-on-year rise in revenues to Dh13.5 billion, while Ebitda increased by nine per cent to Dh7.4 billion.