Government of Dubai
Summary
Emirates Central Cooling Systems Corporation PJSC (EMPOWER), the world's largest district cooling services provider, (DFM: EMPOWER) (ISIN: AEE01134E227), today announced its financial results for the first half of 2024, reporting total revenues of AED 1,352 million and EBITDA of AED 693 million. Empower’s first six months’ revenue and EBITDA grew by 10.3% and 6.0% respectively in 2024 compared to the same period of last year. Empower earned AED 428 million as profit before tax with an impressive growth of 6.3% compared to the same period of 2023. The Net Profit after tax amounted to AED 390 million for the six months ended 30 June 2024.
“Empower’s robust financial results for the first half of 2024 demonstrate continued success, contributing to Dubai’s economic expansion and delivering enhanced returns to shareholders”, HE Ahmad Bin Shafar, CEO of Empower, said.
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