Rising commodity prices helped Abu Dhabi National Energy Company report a fivefold increase in profits yesterday.
Investors piled into the stock of the company that is also known as Taqa, pushing up the share price by almost 3 per cent.
Taqa reported net profit for last year of Dh937 million (US$255.1m), up from Dh182m in 2009. Revenue rose 27 per cent last year from 2009 to Dh21.35 billion.
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