PHOTO
Dubai's Emirates Central Cooling Systems Corporation, also known as Empower, has reported a Q3 2023 net profit attributable to equity holders of 281 million dirhams ($76.5 million), 7% lower year-on-year (YoY).
The effort topped analysts’ mean estimate of AED 267 million, according to LSEG data.
Revenue for the three months ended September 30 rose 14% to AED1.04 billion, the district cooling company said in a filing to the Dubai Financial Market on Friday.
For the nine months ending September 2023, it made a net profit of AED 693.4 million versus AED 728.4 million in the year-ago period.
(Writing by Brinda Darasha; editing by Seban Scaria)
