DUBAI:

Abu Dhabi National Energy Company (TAQA), the state-owned oil explorer and power supplier, swung to a net loss in the third-quarter, it said on Wednesday, as revenues were hit by weak oil prices.

TAQA, 75 percent owned by the government of Abu Dhabi, reported a net loss of 416 million dirhams ($113.3 million) for the quarter ending Sept 30, compared with a net profit of 107 million dirhams in the prior-year period, the company said in a statement. (RTRS)