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Empower's profit rises 20% in 2017

Empower's profit rises 20% in 2017
Net profits rose to AED 772 million in 2017 versus AED 641 million a year earlier

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.