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Tabreed net profit rises 4% for Dh122 million in first quarter

By District Energy posted 05-16-2024 06:18


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Tabreed reported a net profit before tax of Dh122 million for the first three months of 2024. This was an increase of four per cent compared to Dh117 million (adjusted for one-off gains and losses) reported during the same period last year.

Khaled Abdulla Al Qubaisi, Tabreed’s chairman, said: “Our strategic initiatives, both locally and internationally, are geared towards ensuring we maintain our positive momentum in the medium term. We are confident in our ability to continue leading the way in sustainable cooling, creating value for our shareholders and positively contributing to the communities, businesses and industries we serve.”

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