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Emirates Central Cooling Systems Corporation (Empower) reported strong financial results for the third quarter of 2024, with total revenue reaching AED 2.451 billion, marking an 8.0% increase compared to the previous year. The company's EBITDA for the nine months ending September 30, 2024, was AED 1.124 billion, reflecting a 4.7% growth. Pre-tax net profit rose by 5.0% to AED 719 million. Empower attributed this exceptional growth to increased demand for its services in Dubai, driven by a booming real estate market and a rise in new development projects.
Al Ansari Financial Services has announced its financial results for the full year 2023, as well as its earnings for the nine months and third quarter of 2024.
Al Ansari Financial Services PJSC and its subsidiaries have released a review report and condensed interim consolidated financial statements for the nine-month period ending on September 30, 2024. This report covers the financial performance and activities of the company during the third quarter of 2024.