Wednesday , October 20 2021

Le Matin – A turnover of 8% for Taqa at the end of September


The private electricity producer Taqa has worked well during the first nine months of the year. The Group's sales amounted to 6.42 billion MAD, an increase of 8% compared with the previous year. The increase is mainly due to the good operation of units 1 to 6 and the increase in energy costs due to the change in the purchase price of coal on the international market.
The Group's operating profit amounted to 1.99 billion dirham, an estimate of 2%. This increase takes into account ongoing measures to optimize operating and maintenance costs, mitigated by the effect of the dollar depreciation against dirham, explains the listed company. The Group's operating margin was 31%, compared with 32.6% compared to the corresponding period last year.
Net profit attributable to the parent company's shareholders amounted to DEM 797 million, compared to 764 million September 30, 2017. This represents a growth of 4 percent, mainly due to higher operating profit and improved financial results. The repayment effect of the loans.
As a result, the consolidated net margin was 16.2%, compared with 16.7% the year before. The fourth quarter of 2018 will be marked by completing the major review of Unit 2 for an estimated duration of 42 days in accordance with the Maintenance Plan.

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