DUBAI, April 28 District cooling firm Tabreed
, partly owned by Abu Dhabi state fund Mubadala
, posted a 22 percent increase in quarterly profit on
Monday on the back of increase in its core chilled water
The Dubai-listed firm made a first-quarter net profit of
58.24 million dirhams ($15.86 million) compared with 47.84
million dirhams a year earlier.
Its core chilled water revenue increased by 3 percent to
208.2 million dirhams, the company said in a statement.
($1 = 3.6730 UAE Dirhams)
(Reporting by Olzhas Auyezov)