Tabreed Cools into Q1 2024 with Solid Revenue Growth

  • Date: 17-May-2024
  • Source: Arabian Post
  • Sector:Industrial
  • Country:UAE
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Tabreed Cools into Q1 2024 with Solid Revenue Growth

Arabian Post -District cooling leader Tabreed announced a steady climb in revenue for the first quarter of 2024. The UAE-based company reported earnings of AED 468 million, marking a slight increase from AED 464 million during the same period in 2023. While the growth may seem modest, it signifies Tabreed’s continued financial stability and its ability to navigate a dynamic market. This positive performance is underscored by Tabreed’s Earnings […]

via Tabreed Cools into Q1 2024 with Solid Revenue GrowthArabian Post -

District cooling leader Tabreed announced a steady climb in revenue for the first quarter of 2024. The UAE-based company reported earnings of AED 468 million, marking a slight increase from AED 464 million during the same period in 2023. While the growth may seem modest, it signifies Tabreed’s continued financial stability and its ability to navigate a dynamic market.

This positive performance is underscored by Tabreed’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) which rose to AED 272 million in Q1 2024, compared to AED 268 million the previous year. This metric, a key indicator of a company’s operational efficiency, highlights Tabreed’s ability to generate profits from its core business activities.

Furthermore, Tabreed boasts a robust EBITDA margin, a