AlphaMena Corporate Services - National Central Cooling Co (TABREED) Ongoing growth

Report

AlphaMena Corporate Services

Fatma CHARFI

EUR 236.14 For Business Accounts Only

Ongoing growth

Tabreedâ€™s Q3 2017 results seem satisfactory. Revenues went up by 7.37% to stand at AED410m vs. AED382m in Q3 2016. However, Tabreedâ€™s net profit (3 months) registered a decrease of 11.9% against a progression of 5.9% over 9 months, increasing from AED273m to AED289m. Q3 2017 EPS stagnated at AED0.04. However, the share of results of associates and joint ventures has fallen from AED32m in Q3 2016 to AED29m in Q3 2017, a decrease of 9.7% but registered an increase of 13.9% in 9 months.

13/11/2017 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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