{"id":78709,"date":"2023-07-31T01:00:21","date_gmt":"2023-07-31T01:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/"},"modified":"2023-07-31T01:00:21","modified_gmt":"2023-07-31T01:00:21","slug":"tabreeds-net-income-slightly-slips-in-2q-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/","title":{"rendered":"Tabreed\u2019s net income slightly slips in 2Q 2023"},"content":{"rendered":"

<\/a> A slight dip for Tabreed in 2Q:<\/strong> The UAE\u2019s National Central Cooling Company (Tabreed) reported a 1% y-o-y drop in net income in 2Q 2023 to AED 159.4 mn, its financial statements (pdf)<\/a> for the quarter showed on Friday. Its revenues were up by 8.6% y-o-y during the three months ending in June, recording AED 604 mn.<\/p>\n

A solid first half:<\/strong> Tabreed reported a 60.7% y-o-y rise in net income in the first half of the year to AED 386.4 mn on the back of new customers and projects, its earnings release (pdf)<\/a> showed. Its revenues were up 9.4% y-o-y in 1H 2023 to a little over AED 1 bn, it added.<\/p>\n

Driving the success: <\/strong>Tabreed said new customers and projects were added during the first six months of the year, including the commissioning of a new plant in UAE and two new plants in Saudi Arabia. It also delivered 33.4k refrigeration tons in the UAE, Bahrain, Oman, and Saudi Arabia, raising its total connected capacity to 1.3 mn RT.<\/p>\n

And one sealed int\u2019l expansion:<\/strong> The first half of the year also saw Tabreed expand its international footprint by making a grand entry in India under a partnership in May<\/a> with Tata Realty and Infrastructure Limited. It began operating the cooling infrastructure earlier this month, it said, commencing its first operations in the country.<\/p>\n

What they said: <\/strong>\u201cFollowing last year\u2019s strong performance, Tabreed is delighted to report further growth in revenue and [net income] year-on-year for the first half of 2023. The addition of new capacity across the GCC and the launch of our first cooling services in India is not only supplying our growing international customer base with efficient and reliable cooling, but also having a significant impact on preventing carbon emissions,\u201d Tabreed Chairman Khaled Abdulla Al Qubaisi said.<\/p>\n","protected":false},"excerpt":{"rendered":"

A slight dip for Tabreed in 2Q: The UAE\u2019s National Central Cooling Company (Tabreed) reported a 1% y-o-y drop in net income in 2Q 2023 to AED 159.4 mn, its financial statements (pdf) for the quarter showed on Friday. Its revenues were up by 8.6% y-o-y during the three months ending in June, recording AED […]<\/p>\n","protected":false},"author":1,"featured_media":78710,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[106],"tags":[199,105,11,200,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-district-cooling","tag-earnings-watch","tag-enterpriseclimate","tag-tabreed","tag-uae","wpautop","entry"],"acf":{"mongo_id":"7a3a7bb5-9079-4e57-af88-71f4008778cc","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/2743.jpg","photo_position":"above","related_issue":[78697],"teaser":"","voice_url":""},"yoast_head":"\nTabreed\u2019s net income slightly slips in 2Q 2023 - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tabreed\u2019s net income slightly slips in 2Q 2023\" \/>\n<meta property=\"og:description\" content=\"A slight dip for Tabreed in 2Q: The UAE\u2019s National Central Cooling Company (Tabreed) reported a 1% y-o-y drop in net income in 2Q 2023 to AED 159.4 mn, its financial statements (pdf) for the quarter showed on Friday. Its revenues were up by 8.6% y-o-y during the three months ending in June, recording AED […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-31T01:00:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tabreed\u2019s net income slightly slips in 2Q 2023\",\"datePublished\":\"2023-07-31T01:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/\"},\"wordCount\":299,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1\",\"keywords\":[\"district cooling\",\"EARNINGS WATCH\",\"EnterpriseClimate\",\"Tabreed\",\"UAE\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/\",\"name\":\"Tabreed\u2019s net income slightly slips in 2Q 2023 - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-07-31T01:00:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tabreed\u2019s net income slightly slips in 2Q 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tabreed\u2019s net income slightly slips in 2Q 2023 - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/","og_locale":"en_US","og_type":"article","og_title":"Tabreed\u2019s net income slightly slips in 2Q 2023","og_description":"A slight dip for Tabreed in 2Q: The UAE\u2019s National Central Cooling Company (Tabreed) reported a 1% y-o-y drop in net income in 2Q 2023 to AED 159.4 mn, its financial statements (pdf) for the quarter showed on Friday. Its revenues were up by 8.6% y-o-y during the three months ending in June, recording AED […]","og_url":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/","og_site_name":"Climate","article_published_time":"2023-07-31T01:00:21+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Tabreed\u2019s net income slightly slips in 2Q 2023","datePublished":"2023-07-31T01:00:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/"},"wordCount":299,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1","keywords":["district cooling","EARNINGS WATCH","EnterpriseClimate","Tabreed","UAE"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/","url":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/","name":"Tabreed\u2019s net income slightly slips in 2Q 2023 - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1","datePublished":"2023-07-31T01:00:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2023\/07\/31\/tabreeds-net-income-slightly-slips-in-2q-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Tabreed\u2019s net income slightly slips in 2Q 2023"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2743.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-ktv","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/78709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=78709"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/78709\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/78697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/78710"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=78709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=78709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=78709"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=78709"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=78709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}