Casablanca – Mubasher: Taqa Morocco, a subsidiary of UAE’s energy firm Taqa, posted 19.1% growth in net profits for the first quarter of 2015.
The Casablanca-listed company generated MAD 243 million ($25.07 million) in net profits, compared with MAD 204 million ($21.05 million) in Q1-14.
The company operates in building, operating, managing and maintaining power generation plants. It is capitalised at MAD 2.35 billion, or 23.5 million shares at MAD 100 par value each.
