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TAQA announced its net income

news agency wam , 18 May 2024 - 14:26

Abu Dhabi National Energy Company (TAQA) published its net income for the period ending March 31, 2024.


According to Amac News: TAQA Company said that the net income of this company during this period was 2.1 billion dirhams.
TAQA's revenues reached 13.7 billion dirhams, which is 5.3 percent higher than the previous year's period, the company's report said.
The company attributed the increase in income to the partnership with SWS Holding and said that the adjusted EBITDA also increased the net income. Adjusted EBITDA was 5.5 billion dirhams.
"We have delivered strong operational performance in both electricity and water. Our strong performance was significantly enhanced by the contribution of SWS Holding," said Jassim Hossein Thabet, Chief Executive Officer and CEO of TAQA Group.
 


Story Code: 579

News Link :
https://www.amacnews.com/en/news/579/taqa-announced-its-net-income

AMAC
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