Dubai – Mubasher: The consolidated interim financial results of the National Central Cooling Company (Tabreed) reflected a 3% rise in net profits to AED 82.2 million in the first quarter of 2020 from AED 80.033 million in the same period of 2019.

The revenues went down by 1% to AED 294.359 million during the first three months of 2020.

The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 5% to AED 178.2 million in the Q1-2020 from AED 170.2 million during the year-ago period.

The basic and diluted earnings per share (EPS) remained unchanged at AED 0.03 during the January-March period of 2020.

Referring to the measures taken by the company amid the coronavirus (COVID-19) pandemic, Tabreed’s Chairman, Khaled Abdulla Al Qubaisi, said: "Our facilities are 100% operational and we are taking all possible measures to ensure we maintain this service level while ensuring the health and safety of all that interact with our facilities."

Meanwhile, Tabreed's CEO, Bader Al Lamki, remarked: "Now more than ever, it is critical that we make it possible for all customers to continue their operations and help them respond to the unique demands that they are facing."

In 2019, Tabreed's net profits increased by 11% year-on-year (YoY) to AED 472.5 million from AED 427.6 million in 2018.