115 million dirhams net profits "refrigeration" In the first quarter
Abu Dhabi, May 14 / WAM / The National Central Ref Tarker Company “cooling” announced its unified financial results for the first quarter of 2025; Where its profits increased before interest, taxes, consumption and destruction to 283 million dirhams by 4% on an annual basis, with a profit margin improved to 61%, with a net profit after tax deduction to 115 million dirhams during the first quarter of 2025, an increase of 3% compared to the first quarter of 2024.
“Reading” maintained a stable financial performance during the first quarter of 2025, and this period also witnessed a set of strategic achievements that would enhance the company’s long -term prospects and support its investment portfolio growth.
The company also announced the issuance of green instruments worth $ 700 million at a competitive profit rate of 5.279%, which received a wide turn by international investors, and the revenues of these sukuk were directed towards re -financing in line with the qualified and specific uses within the framework of its adopted green financing.
During the first quarter of 2025, the shareholders agreed to distribute cash dividends of 15.5 fils per share for the year 2024, which means providing an attractive return of 5.6%, based on the share price of 2.76 dirham A rewarding cash for shareholders, in order to support its efforts to create sustainable value in the long run.
The first quarter also witnessed the addition of 4599 tons of cooling from the new connections to customers within the UAE, in an indication of the continuation of demand and the growth of operational capacity in the coming period.
Dr. Bakhit Al -Kathiri, Chairman of the Board of Directors of “Tabred”, said that the results show that the company’s business is as usual, pointing to the presence of strong momentum and strenuous efforts behind the scenes, leading a major strategic expansion in the main markets, including Dubai, which is the most prominent examples of this.
He added that the partnership with the “Dubai Holding Company for Investment” clearly embodies the vision of “cooling” based on building strategic relations with institutions with which values and goals share, which enhances the value of stability and reliability that is distinguished.
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