The financial statements of the UAE TAQA company showed an increase in net profits attributable to the shareholders of the parent company in the first quarter of this year by 37.4% year on year.
According to the company's results for the Abu Dhabi Stock Exchange, today, Thursday, profits for the period amounted to 1.971 billion dirhams, compared to profits of 1.435 billion dirhams for the same period in 2021.
The group achieved revenues of 12.4 billion dirhams in the first quarter of this year, an increase of 20% compared to the same period of the previous year, and this was mainly due to the increase in prices Essential commodities in the oil and gas sector.
Capital expenditure amounted to 868 million dirhams, down 31% compared to the same period last year, mainly due to a decrease in expenditure on transmission and distribution business.
The group's EBITDA amounted to AED 5.6 billion, an increase of 20% year-on-year.
