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 H1 2017 H1 2016 Variance %
Revenues 639 579 61 10%
Chilled water revenue (91%) 602 516 86 17%
Value chain businesses (9%) 37 63 (26) (41)%
Operating cost (327) (295) (31) 11%
Gross Profit 313 283 29 10%
Gross profit margin 49% 49% - -
Administrative and other expenses (101) (97) (4) 4%
Profit from Operations 211 187 25 14%
Operating profit margin 33% 32% - -
Net finance costs (82) (75) (7) 10%
Other gains and losses 1 4 (3) (71)%
Share of results of associates and joint ventures 62 48 14 29%
Income attributable to non-controlling interests (0) (3) 3 (92)%
Net Profit 193 160 32 20%
Net profit margin 30% 28% - -
EBITDA 308 275 33 12%
EBITDA margin 48% 48% - -