Empower reveals AED901m net profit in 2020 with 3.4 percent growth

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(Emirates News Agency)

Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, reported a net profit of AED 901 million with a total revenue of AED 2.26 billion in 2020. Empower’s revenues grew by 3.0% with a net profit increase of 3.4% year-over-year (YoY), a commendable performance given the difficult economic conditions resulting from the global pandemic.

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