Taqa reports 2013 loss on impairment of North American assets

ABU DHABI, United Arab Emirates (Bloomberg) -- Abu Dhabi National Energy Co., the government-controlled utility known as Taqa, posted a loss last year and won’t pay a dividend after writing down the value of North American assets. The shares slumped. The net loss after minority interests was 2.52 billion dirhams ($686 million) after a profit of 649 million dirhams a year earlier, the company said in a statement.


Taqa reports 2013 loss on impairment of North American assets Taqa reports 2013 loss on impairment of North American assets Reviewed by Crude Oil Facilitators on 08:19 Rating: 5

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