Financial Highlights

Financial highlights – twelve months ended 31 December 2016:

  • Net profit attributable to the parent increased by 6 percent to AED 367.4 million (2015: AED 345.3million)
  • Group revenue increased by 6 percent to AED 1,279.9 million (2015: AED 1,204.0 million)
  • Core chilled water profit from operations increased by 5 percent to AED 387.3 million (2015: AED 370.4 million)
  • EBITDA increased by 7 percent to AED 583.2 million (2015: AED 544.7 million)
  • Share of results of associates and joint ventures increased by 19 percent to AED 117.0million (2015: AED 98.7 million)
All figures in AED m 2016 2015 Variance %
Revenues 1,280 1,204 76 +6%
Chilled water revenue (91%) 1,168 1,103 65 +6%
Value chain businesses (9%) 112 115 (3) -2%
Operating cost (682) (643) (39) +6%
Gross Profit 598 561 37 +7%
Gross profit margin 47% 47% - -
Administrative and other expenses (193) (178) (15) +8%
Profit from Operations 405 383 23 +6%
Operating profit margin 32% 32% - -
Net finance costs (156) (138) (18) +13%
Other gains and losses 5 4 1 +19%
Share of results of associates and joint ventures 117 99 18 +19%
Income attributable to non-controlling interests (4) (3) (2) +59%
Net Profit 367 345 22 +6%
Net profit margin 29% 29% - -
EBITDA 583 545 39 +7%
EBITDA margin 46% 45% - -