Dubai – Mubasher: The National Central Cooling (Tabreed) reported a 2.2% year-on-year growth in its profits during the fourth quarter of 2016, according to a bourse statement.
Profits reached AED 94.48 million ($25.71 million) in Q4-16, compared to AED 92.43 million ($25.15 million) in Q4-15.
The company generated profits of AED 371.702 million in 2016, up 6.4% from AED 348.011 million in 2015.
Sales went up 6% year-on-year to reach AED 1.279 billion in 2016.
