Cairo – Mubasher: TAQA Arabia recorded a 16% year-on-year (YoY) jump in consolidated net profit to EGP 102.77 million in the first quarter (Q1) of 2024 from EGP 88.38 million.
Consolidated revenues grew 22% YoY to EGP 3.57 billion in Q1-24 from EGP 2.93 billion, according to unaudited financial results.
The basic earnings per share (EPS) rose by 17% YoY to EGP 0.076 in the three-month period that ended on 31 March 2024 from EGP 0.065.
Standalone Results
TAQA’s standalone net profit leapt 22% YoY to EGP 174.84 million in the January-March period from EGP 143.35 million.
Standalone revenues increased by 10% YoY to EGP 180.64 million in Q1-24 from EGP 163.85 million.
TAQA Arabia’s consolidated net profit rose 3% YoY to EGP 557.20 million in 2023 from EGP 538.60 million.
