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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Tabreed profit rises on gains from convertible Sukuk

Posted on 27 April 2010

From Businessweek.com: National Central Cooling Co., the Abu Dhabi-based refrigeration company, said first-quarter profit almost quadrupled on gains from its Islamic convertible bonds.

Net income surged to 40.4 million dirhams ($11 million) from 10.7 million dirhams in the year-earlier, the company, known as Tabreed, said in a statement to the Dubai bourse today. Revenue declined to 184.6 million dirhams from 189.7 million dirhams…………………………………..Full Article: Source

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