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Tabreed Q1 profit soars; delays sukuk payments

DUBAI — National Central Cooling Company PJSC, also known as Tabreed, on Monday said its first-quarter net profit rose to Dh40.4 million ($11 million), up from Dh10.8 million for the same period a year earlier. The net profits boosted by non-cash gains associated with its 2008 sukuk, and growth in the company’s chilled water 
business.

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