Middle East Economic Survey

VOL. LIV

No 7

14-Feb-2011

UAE

TAQA Profits Surge To $255Mn For 2010

Abu Dhabi National Energy Company (TAQA) released on 9 February its preliminary unaudited financial results for the year ending 31 December 2010, revealing full-year net profits of Dh937mn ($255mn), up 415% from the Dh182mn ($49.5mn) posted one year earlier. Total revenue for 2010 meanwhile rose from Dh16.8mn ($4.6mn) to Dh21.3mn ($5.8mn), while total assets for the year grew 27% from Dh91.8mn...