Tuesday 14 February 2023

TAQA’s profits to owners hit $2.1bln in 2022; special dividends announced

TAQA’s profits to owners hit $2.1bln in 2022; special dividends announced

Abu Dhabi National Energy Company (TAQA) achieved net profits attributable to the equityholders worth AED 8.03 billion in 2022, higher than AED 5.96 billion in 2021.

Revenues amounted to AED 49.96 billion during the January-December 2022 period, up 10.30% year-on-year (YoY) from AED 45.29 billion, according to the consolidated income statements.

The basic and diluted earnings per share (EPS) attributable to the owners from continuing operations reached AED 0.07 in 2022, versus AED 0.05 a year earlier.

Meanwhile, the total assets increased to AED 181.50 billion as of 31 December 2022, compared to AED 180.19 billion in 2021.

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