This represents an increase of AED 134,223,000 over the company's revenues for the same period of 2004. Profit from operations soared to AED 69,293,000 compared to AED 29,437,000 over the same period in the previous year. Net profit rose more than 160-percent to AED 44,233,000 from AED 17,064,000 in 2004.
Commenting on the company's first half results Tabreed's Chairman, Mr. Mohamed Saif Al Mazrouei said: "We are pleased with the company's nine-month results which reflect the company's fast growing pace". "During the last quarter Tabreed signed major contracts to provide district cooling services in the country and abroad, this will greatly improve our steady growth for years to come."
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Tabreed's 9 month results - net profit grows 160 per cent
- United Arab Emirates: Monday, October 31 - 2005 at 08:24
- PRESS RELEASE
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National Central Cooling Co. - 'Tabreed' (DFM: TABREED) today announced revenues of AED. 285,500,000 for the nine-month period ended September 30 of fiscal 2005.
Mr. Mohamed Saif Al Mazrouei.
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Posted by Anne-Birte Stensgaard, Senior News EditorMonday, October 31 - 2005 at 08:24 UAE local time (GMT+4)
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