Tabreed's H1 2018 Net Profit Increases 10% To AED 211.9 Million
- Net profit attributable to the parent increased by 10 per cent to AED 211.9 million (H1 2017: AED 192.7 million)
- Group revenue increased by 2 per cent to AED 650.7 million (H1 2017: AED 639.2 million)
- Core chilled water revenue increased by 2 per cent to AED 617.3 million (H1 2017: AED 602.3 million)
- EBITDA increased by 6 per cent to AED 326.1 million (H1 2017: AED 308 million)
- Share of results of associates and joint ventures decreased by 26 per cent to AED 46 million (H1 2017: AED 62.4 million)
- Total Group connected capacity across the GCC increased to 1,113,906 Refrigeration Tons (RT), with 21,588 RT of new customer connections added in the first half of the year across the GCC
- Contributed to saving 600 million kilowatt/hour across the GCC – enough energy to power approximately 20,000 homes in the UAE every year
- These power savings prevented the release into the atmosphere of 300,000 tons of carbon dioxide – the equivalent of eliminating the emissions of 60,000 vehicles annually
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