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FINANCIAL NEWS
Tabreed achieves $33.5m earnings in 9 months
09 Nov 2010
(MENAFN) The UAE National Central Cooling Company, Tabreed, announced in a statutory filing to the Dubai Financial Market, that the company’s net income accelerated to $33.5 million during the January-September period of the current year, compared to $19.3 million a year earlier, Gulf News reported.
The company’s net income for the July-September period jumped to $10.2 million in 2010, as opposed to $6.4 million during the same period in 2009, Tabreed said.
Revenues in the first three quarters of 2009 were at $155.4 million, and accelerated to $193.6 million in the corresponding period of 2010.
According to the Tabreed, revenues in the July-September period reached $75.9 million during the current year, as opposed to $53.6 million during the same quarter a year earlier.
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