Tabreed reports 17% jump in H1 profit

July 26, 2014 4:16 am

National Central Cooling Co (Tabreed) has posted a 17% jump in its six-month net profit to Dhs148.6m, Khaleej Times has reported. The Abu Dhabi-based district cooling firm’s core chilled water revenue increased by 4% to Dhs483.1m, while group revenue climbed 6% to Dhs526.3m. During the period, Tabreed-MIP consortium acquired the 80,000 RT Al Maryah Island district cooling plant in a transaction valued at Dhs1.05bn.