Trade Arabia
Summary
Emirates Central Cooling Systems Corporation (Empower) has delivered solid results for the first six months of the year recording a revenue of AED1.2 billion ($326 million) and a net profit of AED403 million ($110 million), driven by sustainable revenue and increasing demand for district cooling from new projects.
Announcing the results for the six-month period ended June 30 2023, Empower said its ebitda grew by 7.4% to hit AED654 million. For the same period, Empower’s pro forma net profit grew by 7.4% to AED464 million.
#MemberAnnouncement
#Empower