Tabreed sees 3% higher profits in Q1-20

Tabreed sees 3% higher profits in Q1-20

Dubai - Mubasher: The consolidated interim financial results of the National Central Cooling Company (Tabreed) reflected a 3% rise in net profits to AED 82.2 million in the first quarter of 2020 from AED 80.033 million in the same period of 2019.. The basic and diluted earnings per share (EPS) remained unchanged at AED 0.03 during the January-March period of 2020.. Referring to the measures taken by the company amid the coronavirus (COVID-19) pandemic, Tabreed's Chairman, Khaled Abdulla Al Qubaisi, said: "Our facilities are 100% operational and we are taking all possible measures to ensure we maintain this service level while ensuring the health and safety of all that interact with our facilities.".