National Central Cooling Company PJSC announced audited earnings results for the year 2013. For the year, the company's net profit attributable to the parent increased by 15% to AED 272.4 million against AED 236.3 million a year ago. Core chilled water revenue increased by 4% to AED 1,027.4 million against AED 992.3 million a year ago. Core chilled water profit from operations increased by 6% to AED 347.8 million against AED 328.4 million a year ago. Group revenue was declined by 2% to AED 1,100.2 million against AED 1,128.7 million a year ago. EBITDA increased to AED 506.6 million against AED 501.7 million a year ago. Cash generated from operations grew by 51% to AED 598 million against AED 396 million a year ago.

For the year, the company reported 72,000 RT of customer connections added across the group in 2013, group connected capacity in the GCC increased by 9% to reach 839,000 RT, connected capacity in the U.A.E. increased by 4% to reach 636,000 RT and major customer connections included Yas Mall (14,000 RT), World Trade Centre Mall (5,120 RT), and Saudi Aramco (27,000 RT).