Tabreed's Reports 10% Increase in Net Profit to AED 319.3 Million
- Net profit attributable to the parent increased by 10 per cent to AED 319.3 million (Q3 2017: AED 290.4 million)
- Group revenue increased by 4 per cent to AED 1,090 million (Q3 2017: AED 1,049.1 million), driven by the acquisition in March 2018 of S&T Cool, a district cooling provider on Reem Island in Abu Dhabi
- Core chilled water revenue increased by 4 per cent to AED 1,033.7 million (Q3 2017: AED 993.5 million)
- EBITDA increased by 9 per cent to AED 505.9 million (Q3 2017: AED 464.6 million)
- Share of results of associates and joint ventures decreased by 22 per cent to AED 70.7 million (Q3 2017: AED 91 million), due to the impact of new accounting standard (IFRS 15)
- In the first three quarters of the year, total Group connected capacity across the GCC increased to 1,121,520 Refrigeration Tons (RT), with 29,202 RT of new customer connections added and one new plant became fully operational
- Contributed to saving 1,519,467,916 kilowatt/hour across the GCC – enough energy to power approximately 86,525 homes in the UAE every year
- These power savings prevented the release into the atmosphere of 759,734 metric tons of carbon dioxide – the equivalent of eliminating the emissions from 165,160 vehicles annually
Home >> Energy and Industry Section
Ministry of Industry and Advanced Technology extends nomination period for Make ...
Icons shine with OMEGA in Milan
LG Announces First-Quarter 2024 Financial Results
Dubai South Signs Agreement With Agmc To Launch A New AED 500 Million State-Of ...
Terra Nova 40.5 Turning Bezel Power Reserve
ADMAF announces the return of 'Riwaq Al Adab Wal Kitab' with a lively cultural p ...
Formula E And Fia Unveil Gen3 Evo Race Car Capable Of 0-60mph In Just 1.82s
FEST Auto and Abu Dhabi University collaborate to accelerate sustainable urban m ...
Dubai Customs and "Dubai Charity" Distribute Meals and Food Supplies t ...
Expo City Dubai to Host The Wings for Life World Run for the 2nd Consecutive Yea ...
Thousand mangrove trees to be planted as part of EarthSoul Festival in Dubai
World Art Dubai 2024 Unveils 12 International Pavilions Showcasing Global Artist ...
A New Blueprint for Health and Vitality at AyurMa: Introducing PraMā at Fou ...
Over AED 768 million worth pension disbursements for the month of April, announc ...
Experts outline a promising future for the GCC hospitality sector, as the UAE ma ...
Union Coop and Ministry of Human Resources and Emiratization Collaborate to Trai ...
Moorfields Eye Hospital Dubai unveils 20% expansion, equipped with the latest te ...
Dubai Food Festival 2024: Get ready to feast your senses at Mall of the Emirates ...
RAKEZ achieves 61% increase in new company registrations in Q1 2024