Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has achieved net profits attributable to the equity holders of AED 1.435 billion during the first quarter (Q1) of 2021, according to the company's proforma interim consolidated financials for the three-month period ended 31 March 2021.

The company generated revenues of AED 10.326 billion in the first three months of 2021, up from AED 9.984 billion in the year-ago period.

The company reported the earnings before interest, tax, depreciation, and amortisation (EBITDA) of AED 4.7 billion in Q1-21, compared to AED 4.178 billion in Q1-20.

Meanwhile, TAQA’s board proposed an interim cash dividend of AED 618 million or 0.55 fils per share for the first three months of 2021.

Commenting on the company's performance, TAQA’s Group CEO and Managing Director, Jasim Husain Thabet, said: "In 2021, we hit the ground running with our recent bond issuance which received strong endorsement from investors around the world, showcasing TAQA’s investment attractiveness and our commitment to delivering on our strategy."

It is noteworthy to mention that in 2020, the company's pro-forma consolidated financial results showed a decline in net profits attributable to the equity holders of the parent to AED 2.788 billion from AED 5.435 billion in 2019.