The National Central Cooling Company (Tabreed) achieved a 13% growth in profits for the third quarter of this year to reach 370 million dirhams.
According to the Emirates News Agency, the company's total revenues increased by 12% compared to the same period last year, to reach 1,258 billion dirhams, according to the financial results released today by the company. / p>
These results reflect the company's flexibility and effective strategy through which it has succeeded in adapting to the current circumstances to ensure business continuity.
The company continued to take all necessary measures and measures to ensure the continuity of services and avoid interruption or disruption, while applying health and safety best practices across the sector and implementing sterilization programs to ensure employee safety. p>
The group's total deliveries in various parts of the Cooperation Council for the Arab Gulf states rose to 1352.4 thousand RT with the addition of 169.7 thousand RT added to new customers during the first nine months of This year, by 158.4 thousand tons of refrigeration in the UAE and 11.3 thousand tons of refrigeration outside the country.
Khaled Abdullah Al Qubaisi, Chairman of Tabreed Company, said: Tabreed has proven its strong position, flexibility and high ability to adapt to the unprecedented operating environment this year not only through Our current results, but also through the team's continuous focus on developing groundbreaking solutions solidified our position as the preferred partner for district cooling across the region and thus the company was able to continue growth despite challenges.
In turn, Bader Al-Lamky, CEO of Tabreed, said: Tabreed continues to maintain its privileged position at the level of operations and capital despite the unprecedented challenges posed by the events This year, which was reflected in the resilient and strong performance of our company. On the one hand, we continue to implement our long-term plans, including investment in infrastructure and capital investment in attractive opportunities in the long term.
Tabreed also announced its success in offering bonds worth $ 500 million to 1.8 billion dirhams for 7 years with a yield of 2.5%, which doubled the size of the initial offering of $ 400 million 5 times. It is also a testament to the confidence of international investors in the past and future performance of cooling.
