Zawya
Summary
Tabreed on Tuesday said its nine-month net profit rose three per cent to Dh400 million as the company’s total connected capacity reached 1,258,201 refrigeration tonnes.
In a statement, the UAE’s district cooling provider released its consolidated financial results for the first nine months of 2022, reporting an earnings before interest, taxes, depreciation and amortization (EBITDA) of Dh912 million – an 18 per cent increase over the same period last year.
“Throughout 2022, Tabreed has achieved important international growth, elevated public awareness, and accomplishment of long-term strategic goals. These third quarter results show not only Tabreed’s resilience but also the wisdom of its organic and sustainable approach to growth – it is truly an exceptional UAE company,” he said.
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