The National Central Cooling Company, Tabreed, said net profit advanced to Dh94.7 million in the first half of 2012 compared to Dh75.7 million for the same period of 2011.
The Abu Dhabi-based district cooling utility company registered an increase of 25 per cent in its profits for The first half. The company attributed the hike to “robust operational and financial performance in The first half, 2012 driven by its core chilled water business and lower finance costs.
Waleed Al Mokarrab Al Muhairi, Tabreed’s Chairman, said: “In the first six months of 2012, Tabreed delivered strong financial and operational results underpinned by continued cost control, improved efficiencies and a strong performance by the company’s chilled water business.”
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