TAQA swings to a loss
The Company posted total revenues of AED14.7bn compared to AED20.7bn in 2014. As a result, the company recorded a net loss of AED581M, compared to a profit of AED620M during the same period in 2014. The firm’s oil and gas production decreased by 9% to 144,900 barrels of oil equivalent per day (boepd), from 158,500 boepd, in the same period last year. The Company’s power assets generated 61,418 megawatt-hours (MWh) compared to 55,036 MWh in the first 9 Months of 2014, namely an 11.6% increase.
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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