ABU DHABI, United Arab Emirates, February 11 /PRNewswire/ --
- Preliminary Profits for the Year Grew by 89% to Reach AED 2.0 Billion
Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today reported preliminary financial results for the period ended 31 December 2008. These are unaudited preliminary results, subject to changes that may be caused from the final determination of certain accounting estimates.
The company's preliminary profits for the year grew by 89% to reach AED 2.0 billion in 2008. Preliminary revenues grew by 102% to AED 16.9 billion, from AED 8.3 billion in 2007. Total assets grew by 29% to reach AED 88 billion in 2008. The basic earnings per share grew from 25 fils to 39 fils.