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Engie : Tabreed H1 profit surges 20pc to $52.4m

By District Energy posted 07-31-2017 14:31

  

4-Traders
July 30, 2017

Summary

The , a leading district cooling utility company, has posted a net profit of Dh192.7 million () for the first half (H1) of the year, as against Dh160.5 million in H1 2016, marking an increase of 20 per cent.

The company continues to deliver solid performance and growth driven by its core chilled water business with new capacity and connections added across the GCC, reported Wam, the Emirates official news agency.

The company also announced good progress towards completing the transaction to introduce  as a new major shareholder of Tabreed.

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#DistrictCooling #Tabreed #ENGIE #News #MiddleEast
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