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Tabreed reports 30% increase in Q4 income
- United Arab Emirates: Monday, February 04 - 2013 at 05:23
UAE-based National Central Cooling Co (Tabreed) has said that higher revenues from its core chilled water business has boosted by 30% its profits for the fourth quarter ended December 31, Reuters has reported. The Dubai-listed district cooling firm, which is partly owned by Abu Dhabi state fund Mubadala, posted a net attributable profit of Dhs68.7m ($18.7m) in the quarter, compared with Dhs52.9m in the prior year period. Full 2012 net profit also climbed 29% to Dhs236.3m. Revenue from its chilled water business for the quarter rose 13% to Dhs263.4m.
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