The energy and utility firm, which is 75% owned by the Abu Dhabi government, reported a net loss of Dh288mn ($78.4mn) for the third quarter of 2012, relative to the Dh537mn ($146.2mn) profit it recorded for the corresponding period last year.
Results were largely impacted by a period of weaker gas prices in North America (prices in 3Q12 are some 40% lower than what they were in 3Q11); as well as Dh2.731bn ($743.34mn) earmarked for the construction of the Jorf Lasfar power plant on Morocco’s east coast. (CONTINUED - 605 WORDS)
