TAQA Arabia’s consolidated profits up 16.41% YoY in 9 months
Updated 11/13/2024 9:20:00 AM
Arab Finance: TAQA Arabia reported a 16.41% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest for the first nine months of 2024, according to the financial statement filed to the Egyptian Exchange (EGX) on November 13th.
The company recorded a net profit after tax of EGP 424.871 million in the January-September period, compared to EGP 364.986 million over the same period of last year.
Revenues grew to EGP 13.128 billion in the nine-month period ended September 30th from EGP 9.782 billion in the year-ago period.
In terms of standalone business, net profits after tax recorded EGP 179.747 million, up from EGP 96.076 million during the first nine months of 2023.
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. An Arab energy company provides its services through five subsidiaries, which are the gas sector, the electricity sector, the petroleum products marketing and distribution sector, the solar energy sector, and the water sector.
Related News
