Dubai-Mubasher: National Central Cooling Co (Tabreed) reported a 12.4% profit rise to AED 89.72 million ($24.4 million) in the fourth quarter of 2015, compared to AED 79.81 million ($21.73 million) in the same quarter of 2014.
In the fiscal year 2015, profits rose 6% to AED 345.3 million from AED 325.7 in the fiscal year 2014.
The board recommended to distribute cash dividends of 6 fils per shares for FY15, compared to 5 fils for FY14.
The shareholders meeting will be held on 2 March to discuss the FY15 financial results and the board’s recommended cash dividends. However, the meeting will be postponed to 9 March in case of incomplete quorum.
