Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) on Monday posted a 20% hike in profits for the full year 2017.
Net profits rose to AED 772 million in 2017 versus AED 641 million a year earlier, according to the company’s statement.
The world’s largest district cooling services provider reported that its revenues levelled up 6% to AED 1.96 billion lasy year, compared to AED 1.84 billion in the prior year.
Moreover, the company provided its services for a slew of projects such as Jumeirah Village and Bluewaters Dubai.
Over the course of the last year, Empower paid debts worth AED 390 million.