Report
EUR 236.14 For Business Accounts Only

Cutting CAPEX on plunging 2015 oil revenue

Despite strong production volumes, the halving of market commodity prices in 2015, reduced TAQA’s revenues to AED19.3bn compared to AED27.3bn for the full year 2014 (-29.3%). It posted a net loss of AED1.8bn for 2015 as a whole compared with a loss of AED3.01bn in 2014. TAQA will not pay dividends for 2015, the third successive year in which the company has not paid anything to shareholders.
Underlying
Abu Dhabi National Energy Co

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.

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