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Dubai's Emirates Central Cooling Systems Corporation, also known as Empower, reported Q1 2024 net profit attributable to equity holders of 166 million dirhams ($45.2 million), versus AED 167 million in the prior-year period.
The net profit missed analysts’ mean estimate of AED 205.95 million, according to LSEG data.
Revenue for the quarter was AED 538 million, up nearly 9% year-on-year, the company said in a filing on the Dubai Financial Market on Monday.
(Reporting by Brinda Darasha; editing by Seban Scaria)
