Abu Dhabi’s Taqa posts Dh608m Q1 loss on low oil prices | The National

Abu Dhabi’s Taqa posts Dh608m Q1 loss on low oil prices | The National:

"Abu Dhabi National Energy Company, known as Taqa, reported a deep loss in the first quarter on revenues that were down by 24 per cent, with lower oil and gas prices the main culprit.

The company said revenue fell to about Dh3.9 billion in the first three months of this year, from Dh5.1bn in the same period last year.

The loss attributable to shareholders of the parent company was Dh608 million for the period, compared to a profit of Dh256m a year earlier."



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