Abu Dhabi National Energy Co PJSC (ADX:TAQA)
د.إ 2.87 0 (0%) Market Cap: 322.69 Bil Enterprise Value: 369.38 Bil PE Ratio: 19.13 PB Ratio: 3.91 GF Score: 63/100
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Q2 2023 Abu Dhabi National Energy Company PJSC Earnings Call Transcript

Aug 14, 2023 / 01:00PM GMT
Release Date Price: د.إ3.42 (+1.48%)
Asjad Yahya

Hello, everyone. Welcome to TAQA's Q2 2023 earnings call. My name is Asjad Yahya and I'm the Head of Investor Relations at TAQA. And I'm joined by our CFO, Steve Ridlington. Before we start, please note that this session is being recorded, and by participating in this meeting, you could -- you consent to the recording. This presentation will follow the usual script. Steve and I will talk through the operating highlights and the financial performance of this period, and then we'll open the floor for Q&A.

With that, I hand over to Steve.

Stephen John Ridlington
Abu Dhabi National Energy Company PJSC - CFO

Thank you, Asjad, and good morning, good afternoon to everybody on the call today. I'm going to start on Slide 5, as usual, to give an overview of the second quarter to get us into this. So first of all, revenues for the second quarter were up 5% and that's mainly driven by higher pass-through costs and inflation impact in our Transmission & Distribution segment.

Our profitability, on the other hand, was impacted by the Oil &amp

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