National Central Cooling Company PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 03:28 am EDT
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National Central Cooling Company PJSC reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was AED 555.8 million compared to AED 511.45 million a year ago. Net income was AED 152.16 million compared to AED 147.96 million a year ago. Basic earnings per share from continuing operations was AED 0.054 compared to AED 0.048 a year ago. Basic earnings per share was AED 0.054 compared to AED 0.053 a year ago.
For the six months, sales was AED 975.73 million compared to AED 869 million a year ago. Net income was AED 240.37 million compared to AED 233.5 million a year ago. Basic earnings per share from continuing operations was AED 0.085 compared to AED 0.075 a year ago. Basic earnings per share was AED 0.085 compared to AED 0.082 a year ago.
National Central Cooling Company PJSC (Tabreed), a subsidiary of Mubadala Development Company PJSC, is a United Arab Emirates-based company engaged in the provision of cooling solutions to government, commercial, residential and private organizations across the Middle East. The Company is organized into two segments: The Chilled Water segment, which constructs, owns, assembles, installs, operates and maintains cooling and conditioning systems, as well as distributes and sells chilled water for use in district cooling technologies, and the Value chain business segment, which is involved in ancillary activities relating to the expansion of Companyâs chilled water business. Tabreedâs portfolio includes 66 plants across the Gulf Cooperation Council (GCC). The Companyâs affiliates and subsidiaries include Qatar District Cooling Company QCSC and Bahrain District Cooling Company BSC, among others.