Dubai – Mubasher: National Central Cooling Company (Tabreed) dropped on Wednesday on the Dubai Financial Market (DFM) after the disclosure of the company’s financial results for the third quarter of 2017.

By 11:30 am UAE time, the stock lost 2% to AED 2, which is its highest level in five months, after 1.03 million shares were traded with a turnover of AED 2.07 million through 14 transactions.

The stock dragged the services sector down to fall 0.23%, while the DFMGI went down 0.14%.

Tabreed reported a 12% decline in net profits in Q3-17 to AED 96.35 million from AED 109.39 million in the year-ago period.