Dubai – Mubasher: The National Central Cooling (Tabreed) reported a 9% increase year-on-year in its profits during the third quarter of 2016, according to a bourse statement.
Profits reached AED 109.39 million ($29.77 million) in Q3-16, compared to AED 100.37 million ($27.32 million) in Q3-15.
The company generated profits of AED 273.22 million in the first nine months of 2016, up 6.9% from AED 255.58 million in the corresponding period of 2015.
Revenues went up 6.2% year-on-year to stand at AED 960.25 million in the nine-month period of 2016.
