TAQA Fourth Quarter and Full Year 2007 Financial Results.
PR Newswire Europe, March, 2008
ABU DHABI, United Arab Emirates, March 17 /PRNewswire/ --
- Revenues Grew 72% to Reach AED 8.3 Billion and Profit Exceeds AED 1 Billion
The Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), today reported financial results for the fourth quarter and full year 2007.
Key highlights of the results for Q4 2007:
- Total revenue reached AED 3.0 billion compared with AED 2.5 billion for the same period in 2006, an increase of 23 per cent.
- Revenue from the electricity and water business grew by 57 per cent to AED 1.3 billion, from AED 0.8 billion for the same period in 2006. This does not include supplemental fuel sales to allow for a like-for-like comparison....
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