UAE-based Tabreed announces $61mln net profit in H1 2020 – ZAWYA

UAE-based Tabreed announces $61mln net profit in H1 2020 – ZAWYA

uae-based tabreed announces $61mln net profit in h1 2020 q2 net profit attributable $38.6mln versus $32.4mln year ago    traders monitor stocks at the dubai stock exchange in the dubai world trade center. abu dhabi - tabreed, the national central cooling company, released today its consolidated financial results for the first six months of 2020.the company reported in a statement on sunday a net profit of aed 224.30 million, driven by the acquisition of its downtown dubai district cooling business in a long-term partnership with emaar, one of the world's largest real estate companies and a global property developer, to provide up to 235,000 rt of cooling from the largest integrated district cooling scheme in the world to some of emaar's most prestigious developments.tabreed said that some of its operational highlights for the period ended 30 june 2020, is group revenue increased by 6 percent to aed 710.02 million (h1 2019: aed 671.94 million) and that core chilled water revenue increased by 7 percent to aed 681.17 million (h1 2019: aed 634.43 million). ebitda, the company said, increased by 14 percent to aed 415.4 million (h1 2019: aed 366 million) and that share of results of associates and joint ventures