National Central Cooling Company PJSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 14, 2021 at 02:08 am EST
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National Central Cooling Company PJSC reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was AED 595.71 million compared to AED 547.93 million a year ago. Net income was AED 154.5 million compared to AED 146.15 million a year ago. Basic earnings per share from continuing operations was AED 0.0342 compared to AED 0.046 a year ago. Basic earnings per share was AED 0.0557 compared to AED 0.0518 a year ago.
For the nine months, sales was AED 1,464.71 million compared to AED 1,257.95 million a year ago. Net income was AED 388 million compared to AED 370.44 million a year ago. Basic earnings per share from continuing operations was AED 0.1105 compared to AED 0.1232 a year ago. Basic earnings per share was AED 0.1399 compared to AED 0.1301 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.
NATIONAL CENTRAL COOLING COMPANY 
