In splitting the prize money among 11 people, there would be some maths involved because some pitched in Dh50, others Dh100, and a few gave Dh200
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District cooling firm Tabreed on Thursday said its first-quarter net profit jumped three per cent year on year to Dh82.2 million as its facilities remained operational even during the lockdown period.
Khaled Abdulla Al Qubaisi, Tabreed's chairman, said first quarter financial results demonstrate the resilience of the company's operational capabilities.
"Tabreed has successfully continued to deliver efficient and cost-effective cooling solutions, minimising the potential for a disruption to the service through working remotely and safely in cooperation with our highly qualified and dedicated employees. Our facilities are 100 per cent operational and we are taking all possible measures to ensure we maintain this service level while ensuring the health and safety of all that interact with our facilities," he added.
"Now more than ever, it is critical that we make it possible for all customers to continue their operations and help them respond to the unique demands that they are facing. Tabreed's response in this regard has been strong, and as we align our work processes with the guidelines issued by relevant authorities, said Bader Al Lamki, Tabreed's chief executive officer.
Last month, it announced the acquisition of Downtown Dubai district cooling business in a long-term partnership with Emaar. It will provide up to 235,000 RT of cooling from the largest integrated district cooling scheme in the world to some of Emaar's most prestigious developments. - waheedabbas@khaleejtimes.com
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