Arab Finance: TAQA Arabia reported a 39% year-on-year (YoY) surge in net profit after tax for the first half (H1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on August 10^th.

The company recorded a net profit after tax of EGP 103.291 million in H1 2023, compared to EGP 74.397 million in H1 2022.

Revenues grew 67% to EGP 198.800 million in the six-month period ended June 30th from EGP 118.880 million in the year-ago period.

On June 4th, the EGX’s listing committee approved the listing of TAQA Arabia’s shares with an issued capital of EGP 676.176 million under the ticker symbol (TAQA.CA).

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