The National Central Cooling Company (Tabreed) reported a net profit of AED233.5 million ($63.57 million) for the first six months of 2021, an increase of 4 per cent compared to its H1 2020 performance.
The National Central Cooling Company (Tabreed) reported a net profit of AED233.5 million ($63.57 million) for the first six months of 2021, an increase of 4 per cent compared to its H1 2020 performance.
Tabreed reports $23.28m net profit in Q1 21
ABU DHABI, 5 days ago The National Central Cooling Company (Tabreed), headquartered in the UAE, reported a net profit of AED85.5 million ($23.28 million) in the first quarter of 2021, a YoY growth of 4%. 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, a WAM report said. 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.
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.