ADX Slips 0.12%, TAQA’s Q1 Profits Reach $ 41.35 Mln

By Yomna Yasser On May 10, 2012

The Abu Dhabi Securities Exchange (ADX) slipped 0.12% Thursday, finishing the week at 2,478.15 points.

Abu Dhabi National Energy Co. (TAQA:UH) gained 0.83% to reach Dhs1.20 ($0.33).

Earlier in the day, TAQA reported that its first quarter net profit (after minority interests) reached Dhs152 million ($41.35 million), representing a 252% year-on-year increase.

The emirate’s first real state developer Aldar Properties PJSC (ALDAR:UH) dived 3.67% to Dhs1.05 ($0.29).

Money Markets TAQA