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Home Depot profit tops estimates as housing gains spur sales

Atlanta / Bloomberg Home Depot Inc. posted fourth-quarter profit that topped analysts’ estimates and projected that its robust sales growth would continue this year, with consumers showing no signs of pulling back on renovations and projects. Profit in the quarter through Jan. 31 rose to $1.17 a share, the Atlanta-based company said Tuesday in a statement. Analysts estimated $1.10, on ...

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IMF chief prods govts to work for women empowerment

DUBAI / WAM Governments around the world need to urgently remedy the issues of access to finance, education and legal system for women, according to Christine Lagarde, Managing Director of the International Monetary Fund (IMF). Opening the keynote panel discussion at the Global Women’s Forum Dubai 2016 on Tuesday, the IMF chief said, “Rules need to be changed. Three things ...

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Empower’s 2015 net profit reaches AED516 million

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, has recorded a net profit of AED516 million for fiscal year ended December 2015, representing an impressive 27% increase over 2014. Total revenues for the year reached AED 1.66 billion, a 12% increase YoY. “Empower achieved an annual increase of 6.7% in its cooling capacity, to pass it over 1,115,000 Refrigeration ...

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