The National Central Cooling Company, or Tabreed, said yesterday that its first-quarter net profit advanced 19 per cent on the back of an expansion of its cooling services across the region.
The company, in which Abu Dhabi-owned Mubadala Investment Company has a stake, also said that it appointed Khaled Abdulla Al Qubaisi as chairman to replace Waleed Al Mokarrab Al Muhairi.
Net profit attributable to the parent rose to Dh75.4 million from Dh63.4m, the company said. Core chilled water revenue increased by 15 per cent to Dh255.2m compared with Dh222.3m in the same period last year.
The company said that in the first quarter it added more than 20,000 refrigerated tonnes out of which 16,227 refrigerated tonnes were in the United Arab Emirates and 3,800 refrigerated tonnes in Qatar.
“The 19 per cent increase in our net profit for Q1 2017 highlights the strengths of our core chilled water business, which continues to grow as a result of the new projects coming on line to supplement our strong existing operations across the GCC,” Mr Al Qubaisi said.
“Tabreed’s priority going forward continues to be delivering stable returns to shareholders, while expanding our operations throughout the GCC to boost the company’s long-term growth and success.”
Tabreed’s services cool Abu Dhabi’s Al Maryah Island, where Cleveland Clinic Abu Dhabi and Abu Dhabi Global Market are located.
It also chills developments on Yas Island such as Ferrari World, Yas Marina Circuit, Yas Mall as well as other national and regional landmarks including Sheikh Zayed Grand Mosque, Dubai Metro and Dubai Parks & Resorts.
mkassem@thenational.ae
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SNAPSHOT
While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.
SPECS
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Results
5pm: Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Gurm, Antonio Fresu (jockey), Eric Lemartinel (trainer)
5.30pm: Handicap (PA) Dh80,000 (T) 1,600m; Winner: Al Nafece, Al Muatasm Al Balushi, Mohammed Ramadan
6pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,200m; Winner: Ashton Tourettes, Adrie de Vries, Ibrahim Aseel
6.30pm: Arabian Triple Crown – Group 3 (PA) Dh300,000 (T) 2,200m; Winner: Ottoman, Adrie de Vries, Abdallah Al Hammadi
7pm: Liwa Oasis – Group 2 (PA) 300,000 (T) 1,400m; Winner: Hakeemat Muscat, Szczepan Mazur, Ibrahim Al Hadhrami
7.30pm: Handicap (TB) Dh80,000 (T) 1,600m; Winner: Ganbaru, Antonio Fresu, Musabah Al Muhairi
The specs: 2018 Range Rover Velar R-Dynamic HSE
Price, base / as tested: Dh263,235 / Dh420,000
Engine: 3.0-litre supercharged V6
Power 375hp @ 6,500rpm
Torque: 450Nm @ 3,500rpm
Transmission: Eight-speed automatic
Fuel consumption, combined: 9.4L / 100kms
TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)
What is THAAD?
It is considered to be the US's most superior missile defence system.
Production:
It was created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5