Taqa records loss of Dh165m and cuts jobs as oil prices plunge | GulfNews.com:
"The government-owned Abu Dhabi National Energy Company, Taqa, recorded a loss of Dh165 million in the first half of this year and cut jobs by 22 per cent as oil prices plunge due to weak demand and oversupply.
The company, headquartered in Abu Dhabi, and with projects in a number of countries, said that its total revenues declined by 29 per cent to Dh9.8 billion.
The company reduced its capital expenditure by Dh1.05 billion during the first six months and is on track to deliver on its previously announced Dh2.5 billion or 40 per cent reduction from last year, it said in a statement."
'via Blog this'
No comments:
Post a Comment