Reported net profits of Dh239 million
Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, swung to a profit in its second quarter, buoyed by record oil and gas production.
Taqa, 75 per cent owned by the government of Abu Dhabi, reported net profits of Dh239 million ($65.1m) for the quarter ended June 30 compared with a loss of Dh172m a year earlier, the company said on Wednesday - By Reuters. Read more>>>
© Copyright - Emirates 24|7