Tabreed's Q1 net profit rises 22pc
Dubai, April 28, 2014
District cooling firm Tabreed , partly owned by Abu Dhabi state fund Mubadala , posted a 22 percent increase in quarterly profit on Monday on the back of increase in its core chilled water business.
The Dubai-listed firm made a first-quarter net profit of 58.24 million dirhams ($15.86 million) compared with 47.84 million dirhams a year earlier.
Its core chilled water revenue increased by 3 percent to 208.2 million dirhams, the company said in a statement. - Reuters