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Dubai's Empower posts $45.5m first quarter net profit as demand for services grows

By District Energy posted 05-09-2023 23:42

  

N Business

Summary

Emirates Central Cooling Systems Corporation, the Dubai utility known as Empower, has reported a Dh167.3 million ($45.5 million) profit in the first quarter, as demand grew for its services in line with the emirate's economy.

Revenue in the three months ended March rose 6 per cent to Dh494.27 million, from Dh466.27 million a year ago, the company said in a filing to the Dubai Financial Market, where its shares are traded.

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