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DUBAI – National Central Cooling Company (Tabreed) has reported net profit from continuing operations attributable to owners of AED 399.61 million for the first nine months (9M) of 2022, compared to AED 307.79 million for 9M-21.
Revenue for the January-September 2022 period jumped to AED1.65 billion, compared with AED1.46 billion in 9M-21, the financial results showed.
Basic and diluted earnings per share (EPS) attributable to shareholders for 9M-22 was AED 0.141, up from AED 0.136 in the same period last year.
For the third quarter (Q3) of 2022, net profit attributable to shareholders of continuing operations expanded to AED 159.25 million from AED 94.08 million in Q3-21.
Meanwhile, revenue for July-September 2022 totaled AED683.79 million, up from AED595.7 million in the same period last year.
Total basic and diluted EPS attributable to owners edged up to AED 0.056 in 3Q22 from AED 0.054 in 3Q21.
Khaled Abdulla Al Qubaisi, Chairman of Tabreed, commented: “Throughout 2022, Tabreed has achieved significant international growth, increased public awareness and achieved its long-term strategic goals.”
“Tabreed continues to deliver record profits and has a consistently strong balance sheet, as evidenced by Fitch’s updated rating outlook of ‘stable’ and affirmation of BBB,” he noted. Tabreed Company Central Cooling Services, a wholly-owned subsidiary of the listed company, has signed an agreement worth EGP 1.6 billion (AED 306.4 million) with Egyptians for Healthcare Services (EHCS) to support the former’s regional expansion plans.
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