Tabreed reports net profit of $24mn for Q1, 2022 ...United Arab Emirates

The National Central Cooling Company (Tabreed) has reported a net profit of US $24mn for the first quarter, up 3.1% over the same period last year. The company’s revenue increased by 17% to hit $114.3mn, the firm said. Announcing its consolidated financial results for the first three months ended March 31, 2022, Tabreed said the revenue for the first three months increased by 17% to $114.2mn, while its core chilled water revenue increased by 20% to $110.4mn. Its ebitda increased by 16% to $71.77mn and profit from operation rose 14% to hit $41.8mn. Tabreed practically doubled the size of its concession capacity in Oman with the acquisition of the district cooling plant that services Al Mouj,

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Last updated : 13 May 2022 clock 01:21 PM

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Tabreed reports net profit of $24mn for Q1, 2022 ...United Arab Emirates

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