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Tabreed reports $23.28m net profit in Q1'21


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. ....

United Arab Emirates , Khaled Abdulla Al Qubaisi , Bader Al Lamki , National Central Cooling Company Tabreed , Tradearabia News Service , National Central Cooling Company , Downtown Dubai , Saadiyat Island , Abdulla Al Qubaisi , Chief Executive Officer , Tabreed Cares , Arabia News , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஹேலிட் அப்துல்லா அல் க்வ்பயிஸீ , தேசிய மைய குளிரூட்டும் நிறுவனம் , நகர துபாய் , அப்துல்லா அல் க்வ்பயிஸீ , தலைமை நிர்வாகி அதிகாரி , அரேபியா செய்தி ,

Tabreed reports Dhs85.5 million net profit


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. ....

Saudi Arabia , United Arab Emirates , Khaled Abdulla Al Qubaisi , Bader Al Lamki , National Central Cooling Company Tabreed , National Central Cooling Company , Downtown Dubai , Saadiyat Island , Abdulla Al Qubaisi , Chief Executive Officer , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஹேலிட் அப்துல்லா அல் க்வ்பயிஸீ , தேசிய மைய குளிரூட்டும் நிறுவனம் , நகர துபாய் , அப்துல்லா அல் க்வ்பயிஸீ , தலைமை நிர்வாகி அதிகாரி ,