The financial statements of the National Central Cooling Company (Tabreed) showed an increase in the company's consolidated net profit last year by 6% year on year; To reach 585.2 million dirhams, compared to a profit of 550.3 million dirhams in 2020.
The company said in a statement to the Dubai Financial Market, today, Tuesday, that the board of directors recommended distributing dividends to shareholders for the past year at a value of 12 fils per share, provided that a percentage of 50% of it in cash, and the rest is paid through the issuance of additional bonus shares at the rate of one share for every 40 shares owned.
And she explained that the distributions come in line with the company's business growth and the increase in the profits it achieved, while maintaining the availability of capital to grow the company's future business.
The company announced its financial indicators last year, which showed a 12% increase in the group's revenues, achieving 1.95 billion dirhams, and an increase in chilled water revenues 12% to 1.88 billion dirhams.
Commenting on the results, Khalid Abdullah Al Qubaisi, Chairman of the Company's Board of Directors, said: The company's net profit is constantly rising, as it has witnessed an average annual growth rate of 10% since the beginning of the year 2017, due to the company's adoption of investment plans based on strategies that prove that we are on the right track in terms of sustainability in our operations and financial expectations.
