National Central Cooling Company Pjsc Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 26, 2020 at 03:04 am EDT
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National Central Cooling Company PJSC announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was AED 415.656 million compared to AED 375.166 million a year ago. Operating income was AED 147.739 million compared to AED 135.458 million a year ago. Net income was AED 142.081 million compared to AED 119.330 million a year ago. Basic earnings per share was AED 0.05 compared to AED 0.04 a year ago. For the half year, sales was AED 710.015 million compared to AED 671.935 million a year ago. Operating income was AED 252.535 million compared to AED 245.062 million a year ago. Net income was AED 224.298 million compared to AED 199.363 million a year ago. Basic earnings per share was AED 0.08 compared to AED 0.07 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 
