Abu Dhabi – Mubasher: The net profits attributable to the equity holders of Abu Dhabi National Energy Company (TAQA) increased to AED 4.259 billion in the first nine months of 2021, compared to AED 1.264 billion in the same period of 2020, according to the company's pro forma interim consolidated financials for the nine-month period ended 30 September 2021.

The company's revenues amounted to AED 34.268 billion in the January-September period of 2021, up from AED 30.821 billion in the year-ago period.

The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 20% year-on-year (YoY) to $14.406 billion in the first nine months of 2021 from $12.009 billion.

In the meantime, TAQA’s board announced an interim cash dividend of AED 618 million or 0.55 fils per share, which will be the third quarterly dividend payment for fiscal year 2021.

TAQA’s Group CEO and Managing Director, Jasim Husain Thabet, said: "We have continued this journey with our recent announcement of the development of the Tanajib power and water project with Saudi Aramco and Marubeni, showcasing our tangible progress on our strategy to add up to 15 GW of international generation capacity by 2030."

It is noteworthy to mention that during the first half (H1) of 2021, the company reported net profits attributable to the equity holders of AED 2.856 billion, compared to AED 1.467 billion in the year-ago period.