AlphaMena Corporate Services - National Central Cooling Co (TABREED) Consistent H1 !

Report

AlphaMena Corporate Services

Fatma CHARFI

EUR 236.14 For Business Accounts Only

Consistent H1 !

Tabreed announced higher Q2 2017 compared to the previous year. Revenues has increased by 14.2% to attain AED369m vs. AED323m in the same quarter in 2016. Whereas the H1 2017 net profit showed a 17.8% growth, it rose from AED164m to AED193m realized in H1 2016. The EPS was upgraded from 5.9 fils to 7.1 fils. However, share of results of associates and joint ventures has jumped from AED26m in Q2 2016 to AED39m in Q2 2017, an increase of 50%.

01/08/2017 2 EN

Underlying

National Central Cooling Co

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AEN000501017 Dubai Financial Market United Arab Emirates

Provider

AlphaMena Corporate Services

AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.

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Analysts

Fatma CHARFI

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