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  • 14-11-21

    UAE’s Tabreed revenue for July-September increases 5.8 percent

    (MENAFN)The National Central Cooling Company, also known as Tabreed in UAE, recorded a 5.8 per cent growth in its July-September period profit owing to higher income.

    The firm stated to the Dubai Financial Market, where its stocks are traded, the total revenue ascribed to shareholders of the holding company for the mentioned time span jumped to Dh154.5million (USD42.06m).

    Profit during the third quarter period rose 8.7 per cent on an annual basis to reach Dh595.7m (about USD 162.1).

    Tabreed’s chief executive, Khalid Al Marzooqi reported, “the company experienced rapid and exceptional growth of its portfolio during 2020 and we are now seeing a real return on investment with steady, reliable and efficient performance across our networks.”

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