Tabreed reports AED85.5 million net profit in Q1 21
ABU DHABI, 9th May, 2021 (WAM) The National Central Cooling Company PJSC (DFM: Tabreed), headquartered in the UAE, today released its consolidated financial results for the first three months of 2021, reporting a net profit of AED 85.5 million, a YoY growth of 4 percent.
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.
The National Central Cooling Company (Tabreed), headquartered in the UAE, has unveiled its all-new branding and corporate identity, ushering in an exciting new chapter in the story of one of the country’s most promising companies.
04/12/2021 | Press release | Distributed by Public on 04/11/2021 23:07
Tabreed lights up Burj Khalifa in celebration of all-new brand identity Essential for Progress central to company s messaging as it looks to the future, following 23 years of outstanding achievement
12 April, 2021 - Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), headquartered in the UAE, yesterday unveiled its all-new branding and corporate identity, ushering in an exciting new chapter in the story of one of the country s most promising companies.
This historic development followed Tabreed s Annual General Assembly (AGA), which was held virtually on 21 March, confirming Tabreed s stellar performance throughout 2020. The company exceeded all expectations by reporting a 16.5% increase in net income to a record AED 550 million and the addition of 221,100 Refrigeration Tons (RT) of capacity growth, resulting in the delivery of more than 1.4 million RT of cooling capaci
Tabreed eliminates over 1.35MMT of CO2 emissions in 2020
ABU DHABI, 17th March, 2021 (WAM) The National Central Cooling Company PJSC (Tabreed) today published its first annual ESG Report, detailing the company’s 2020 environmental, social, and governance performance in the communities in which it operates, wherein it stated that it had eliminated more than 1.35 Million Metric Tonnes (MMT) of CO2 emissions.
Prepared under the Global Reporting Initiative (GRI) Standards, the international framework for sustainability reporting, the report offers greater insights into the company’s activities and achievement and sets a baseline for measuring the company’s future ESG as a key industry leader.
Tabreed reports a 16.5% increase in 2020 net income to AED550 million Mon 15th February 2021 | 02:15 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 15th Feb, 2021) The National Central Cooling Company (Tabreed) on Monday released its audited financial results for 2020. Tabreed reported a 16.5 percent increase in 2020 net income to AED550 million.
The results showed that Tabreed added 39.6k Refrigeration Tons (RT) of organic capacity growth and 181.5k RT of inorganic capacity additions, resulting in the delivery of 1,403,819 RT of cooling capacity at the end of the Calendar year.
Tabreedâs board of Directors have recommended a return of value to shareholders for 2020 through the combination of a cash dividend of 5.75 fils per share plus a bonus share issue of 1 share for every 45 shares held. This equates at current shareprice to roughly 11.5 fils/share and represents a 10 percent increase on 2019 dividend.