(MENAFN) Empower, the district cooling service provider, said that its 2014 net profit reached USD111.61 million for the financial year ending December 31, 2014, marking a 65 percent growth over 2013, Gulf News reported.
Total revenues for the year, meanwhile, reached USD408.3 billion, a 76 percent increase annually.
Revenue growth for the company includes the first full year of operations following the acquisition of Palm District Cooling (PDC), a Dubai-based entity that Empower acquired in the fourth quarter of 2013, the company said in a statement.
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