TAQA Arabia posts 26.34% YoY profit growth in H1
Updated 8/14/2024 11:16:00 AM
Arab Finance: TAQA Arabia reported a 26.34% year-on-year (YoY) surge in consolidated net profit after tax for the first half (H1) of 2024, according to the financial statement filed to the Egyptian Exchange (EGX) on August 14th.
The company recorded a net profit after tax of EGP 211.324 million in H1 2024, compared to EGP 167.271 million in H1 2023.
Revenues grew to EGP 7.791 billion in the six-month period ended June 30th from EGP 6.159 billion in the year-ago period.
The firm garnered EGP 186.032 million in standalone net profits, up from EGP 103.291 million.
Established in 2006 and is the largest private sector company in the field of energy distribution in Egypt, as the company has more than 20 years of experience in investing and operating infrastructure networks for the energy sector, from natural gas distribution to generation and distribution of electric power and marketing of petroleum products.
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