Taqa reports 26% increase in Q2 profits

10 August 2010

State-run utility firm, Abu Dhabi National Energy Co (Taqa) has reported a 26% increase in second-quarter profit on gains from foreign exchange transactions and higher commodity prices. Net income rose to Dhs171m ($46.6m) from Dhs136m a year earlier. The company had a foreign exchange gain of Dhs116m after a loss of Dhs112m a year earlier.

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