Arab Finance: TAQA Arabia reported a 6.3% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest for the first nine months of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on November 13^th.

The company recorded a net profit after tax of EGP 364.986 million in the January-September period, compared to EGP 343.387 million over the same period of last year.

Revenues grew to EGP 9.782 billion in the nine-month period ended September 30th from EGP 7.651 billion in the year-ago period.

In terms of standalone business, net profits after tax recorded EGP 96.076 million, up 30.9% YoY from EGP 73.391 million during the first nine months of 2022.

Meanwhile, standalone revenues rose to EGP 218.652 million from EGP 134.995 million.

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