Abu Dhabi National Energy Co (TAQA) said on Wednesday its second-quarter net profit more than doubled helped by high oil prices and increased production in the U.K., significantly beating analyst's forecasts.
TAQA, which on Tuesday said its Dutch Bergermeer field will not be ready for use as planned in 2014, posted a net profit of 435 million dirhams ($ 118.5 million) in the three months to June 30, compared with a net profit of 171 million dirhams in the same period last year.
Analysts forecast an average net profit of 249 million dirhams, according to a Reuters poll.
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