National Central  Cooling Company “Tabreed” (TABR.DU) 4Q16 earnings grew 5% Y-o-Y reaching AED94mn. Gross revenue reached AED320mn (+7% Y-o-Y), while share of profits from Associates and Joint Ventures fell by 5% Y-o-Y to AED37mn. Tabreed’s FY16 earnings expanded by 6% Y-o-Y to AED367mn on a similar growth in revenues which reached AED1.27bn during the year. Throughout 2016, Tabreed managed to add 74,034 RT of cooling capacity (reaching a total connected capacity of c1mn RT); which included the completion of projects such as Dubai Parks and Resorts in Dubai and the acquisition of a plant from International Capital Trading (‘ICT’) in Abu Dhabi. (Company disclosure)