• AED 7,01 miljard +14 % YoY Q2, 2022 Omzet
• AED 2,61 miljard +37 % YoY Q2, 2022 Nettowinst
• AED 12,08 miljard +15 % YoY H1, 2022 Omzet
• AED 3,30 miljard +33 % YoY H1, 2022 Nettowinst

DUBAI, Verenigde Arabische Emiraten–(BUSINESS WIRE)– Dubai Electricity en Water Authority PJSC (ISIN: AED001801011) (Symbool: DEWA), de exclusieve elektriciteits- en waterdienstverlener van het emiraat Dubai, die genoteerd staat op de Dubai Financial Market (DFM) , maakte vandaag zijn financiële resultaten voor het tweede kwartaal van 2022 bekend, met een kwartaalomzet van AED 7,01 miljard en een nettowinst van AED 2,61 miljard. Voor de eerste helft van 2022 bedraagt de omzet van DEWA AED 12,08 miljard en de nettowinst AED 3,30 miljard.

Dit persbericht bevat multimedia. Bekijk de volledige release hier: https://www.businesswire.com/news/home/20220812005416/en/

Dubai Electricity and Water Authority PJSC announces AED 12.08 billion revenue and 3.30 billion net profit in the first half of 2022

• AED 7.01 bn +14 % YoY Q2, 2022 Revenue
• AED 2.61 bn +37 % YoY Q2, 2022 Net Profit
• AED 12.08 bn +15 % YoY H1, 2022 Revenue
• AED 3.30 bn +33 % YoY H1, 2022 Net Profit

DUBAI, United Arab Emirates–(BUSINESS WIRE)– Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its second quarter 2022 financial results, recording quarterly revenue of AED 7.01 bn and net profit of AED 2.61 bn. For the first half of 2022, DEWA’s revenue is AED 12.08 bn and net profit is AED 3.30 bn.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220812005416/en/

Dubai Electricity and Water Authority PJSC announces AED 12.08 billion revenue and 3.30 billion net profit in the first half of 2022 (Photo: AETOSWire)

DEWA’s first half revenue increase of 15% to AED 12.08 bn was mainly driven by an increase in energy and water demand in Dubai. During the first half of 2022 energy demand increased by 6.3% and water demand by 6.4% compared to the same period in 2021.

Revenue of DEWA’s majority owned subsidiary, EMPOWER, was 1,154 million AED and net profit was 432 million AED. DEWA is reviewing the possibility of an IPO of EMPOWER.

“These financial results demonstrate our commitment to a sustainability-focused smart growth, enhancing customer happiness, operational excellence and providing an attractive return for our shareholders. We continue to implement pioneering projects to diversify Dubai’s clean and renewable energy sources and achieve our wise leadership’s vision for a bright and sustainable future for generations to come,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.

DEWA reiterates its dividend policy and expects to pay a minimum dividend of AED 6.2 billion per year over the next five years. The dividends are intended to be paid twice each fiscal year in April and October. The first dividend payment of AED 3.1 billion is expected in October 2022.

For full second quarter earnings announcement: https://www.dewa.gov.ae/en/investor-relations
or https://www.dfm.ae/en/issuers/listed-securities/securities/company-profile-page?id=DEWA

For investor relations, please contact: dewainvestors@dewa.gov.ae
For media, please contact: media@dewa.gov.ae

Click HERE to download the Video.

*Source: AETOSWire

View source version on businesswire.com: https://www.businesswire.com/news/home/20220812005416/en/

Contacts

Dubai Electricity and Water Authority
Shaikha Almheiri, +971552288228

Shaikha.almheiri@dewa.gov.ae