Tabreed reports Dhs85.5 million net profit
10 May 2021
Tabreed’s revenue has continued to grow along with its portfolio of district cooling networks.
The National Central Cooling Company (Tabreed), headquartered in the UAE, on Monday released its consolidated financial results for the first three months of 2021, reporting a net profit of Dhs85.5 million, a YoY growth of 4 per cent.
Despite ongoing, significant market challenges, both regionally and internationally as a result of the global pandemic, Tabreed’s revenue has continued to grow, along with its portfolio of district cooling networks. Recent acquisitions include the Downtown Dubai district cooling scheme in a long-term partnership with Emaar, as well as Saadiyat Island’s plants, from its long-term partner, Aldar - a deal financially closed in April 2021.