18 Hrs
Source:
الخليج
Tabreed reports 191.8M dirhams profit
Cooling Company revealed a 30% decline in its profits during the first half of 2026, reaching 191.8 million dirhams, due to a 33% increase in financing costs and additional administrative expenses. Despite this, revenues rose by 2% to 1.13 billion dirhams, and connected capacity expanded by 15% to reach 1.58 million tons of cooling. The company also experienced a 40% increase in operating cash flows, amounting to 632 million dirhams, as it continued to invest in growth opportunities and distributed dividends of 5 fils per share for the period. Despite financial challenges, the company affirms its commitment to maintaining a strong liquidity position and stable credit ratings, with expectations of ongoing solid operational performance in the long term.
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