Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities in the region reported a net income (net profit) of Dh2.9 billion for the first half of 2021.
TAQA delivered a strong performance underpinned by its stable contracted and regulated utilities businesses. Results were boosted by improved commodity prices in the oil and gas segment, reflecting a recovery from softer economic conditions in 2020.
The Group posted revenues of Dh22.2 billion, 11 per cent higher than same period last year, primarily due to higher commodity prices within the oil & gas segment.
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