Exceptional results for newly listed companies on the Dubai Financial Market

Newly listed companies on the Dubai Financial Market (DFM) achieved exceptional results last year, led by the Dubai Electricity and Water Authority (DEWA) with revenues of AED 27.35 billion, an increase of 15%, while the company achieved a net profit of AED 22 billion, a growth of <>%.

Emirates Central Cooling Systems Corporation (Empower) recorded revenues of AED 2.8 billion, a growth of 13.3% last year, while net profits reached AED 7 billion, up <>%.

TECOM Group posted revenue of AED 1.97 billion, up 12%, while net profit rose 28% to AED 726 million.

SALIC's revenue increased by 11.8% to AED 1.9 billion, while it achieved a net profit of AED 529 million for the second half of last year, a growth of 55.8%.