TAQA Q3 2015 Financial Results

Abu Dhabi National Energy Company PJSC (“TAQA” or the “Company”) today announced its financial results and operating update for the first nine months of 2015.
The Company posted total revenues of AED 14.7 billion compared to AED 20.7 billion in 2014. EBITDA decreased to AED 7.5 billion compared to AED 11.4 billion in 2014. As a result, the company recorded a net loss of AED 581 million, compared to a profit of AED 620 million during the same period in 2014. The decrease in income mainly relates to the material reduction in realized oil prices. Cash generation from the Company’s power and water operations remained solid. …