Abu Dhabi – Mubasher: Abu Dhabi National Energy (TAQA) has reported a net profit of AED 181 million for the first quarter of 2019, compared to AED 304 million in Q1-18.

Meanwhile, profit attributable to equity holders fell to AED 6 million in the three-month period ended 31 March from AED 110 million in the year-ago period, TAQA said in a statement to the Abu Dhabi Securities Exchange (ADX).

Earnings per share (EPS) stood at AED 0.001 at the end of March, compared to AED 0.018 in Q1-18, the ADX-listed firm added.

Total revenue reached AED 4.330 billion in Q1-19, versus AED 4.337 billion in the prior-year period.

Moreover, the company’s total assets amounted to AED 98.771 billion in the January-March period of 2019, versus AED 99.337 billion in the same quarter of 2018.

In the full-year 2018, TAQA posted a net profit of AED 398 million, up 149% from AED 160 million a year ago.