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Taqa posts Dh2 8 billion net income for 2020

Taqa posts Dh2.8 billion net income for 2020 issacjohn@khaleejtimes.com Filed on February 15, 2021 The company said it “continued to deliver a resilient performance amid unprecedented economic conditions. Supplied photo The state utility said in a statement that its revenues fell six per cent to Dh41.2 billion compared to the prior-year period, primarily due to lower commodity prices and production volumes within the oil & gas segment Abu Dhabi National Energy Company (Taqa) reported on Monday a fall in net income to Dh2.8 billion in 2020. The state utility said in a statement that its revenues fell six per cent to Dh41.2 billion compared to the prior-year period, primarily due to lower commodity prices and production volumes within the oil & gas segment.

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