Dubai, UAE, 27 February 2018: District Cooling services provider, Empower has paid AED 400 million as dividend to its shareholders from the profit of the company for the year ending December 31, 2017, the company announced in a Press communiqué. The company had earlier declared a net profit of AED 772 million in 2017, an increase of 20% over the year 2016, the communiqué said. Empower’s total revenues in 2017 amounted to AED 1.96 billion, an increase of 6.1% compared to 2016, the company further said.
Ahmad Bin Shafar, CEO, Empower, said: “[This was] made possible through a robust strategy and its effective implementation. This supports the vision and aspirations of our wise leadership to transform the Emirate into the leading global centre for [the] green economy.”
According to Empower, the company expanded its activities in 2017 by connecting new projects and increasing the customer-base to 85,000, which includes master developers, building owners and end-users.