Middle East Economic Survey
TAQA Reports Higher Revenues In 2009, But Lower Profits
Abu Dhabi National Energy Company (TAQA) reported preliminary financial results on 14 February for the year ending 31 December. Preliminary revenues increased by 0.8% in 2009 to Dh16,942mn ($4,613mn), from Dh16,806mn ($4,576mn) in 2008. Total assets grew by 6% to Dh91.7bn ($24.97bn) in 2009. Preliminary profits for the year were Dh183mn ($49.8mn), down from Dh1,825mn...