Dubai-Mubasher: The National Central Cooling (Tabreed) posted a 5.5% increase year-on-year in its profits for the second quarter of 2016, according to a bourse filing.
Profits reached AED 97.71 million ($26.59 million) in Q2-16, compared to AED 92.57 million ($25.19 million) in Q2-15.
Tabreed achieved profits of SAR 163.8 million in H1-16, a 6% rise from SAR 154.7 million in H1-15.
Revenues rose 4% to SAR 578.6 million year-on-year in H1-16. In addition, net share of associates’ profits grew 45% to SAR 48.2 million in H1-16 from SAR 33.2 million in H1-15.
