The National Central Cooling Company PJSC’s (TABR.DU) reported FY2015 net income grew by c6% to reach AED345 million. The growth in earnings was mostly attributable to Y-o-Y growth in top-line revenue (+4% to cAED1,172 million) and share of profits from associates and joint ventures (+16% to AED99 million). EBITDA increased by 2% to cAED545 million and EBITDA margin softened c80bps to 46.5. Also, the Company’s BoD will recommend an AED6 fils cash dividend/share (5.8% dividend yield) for 2015 to the company’s shareholders at the upcoming AGM, which is 20% above FY2014 dividend/share. (Company Disclosure)