Taqa's Quarterly Profit More Than Doubles on Prices

Abu Dhabi National Energy Co., the state-run utility known as Taqa, said third-quarter profit more than doubled because of higher oil prices and a one-off gain, as the company presses ahead with expansion plans.
Net income advanced to 218 million dirhams ($59.4 million) from 90 million dirhams a year earlier, Taqa said today in a statement. Revenue rose to 5.2 billion dirhams from 3.9 billion a year earlier.
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Source: Bloomberg