DUBAI, Verenigde Arabische Emiraten–(BUSINESS WIRE)– Dubai Electricity and 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) , heeft zijn financiële resultaten voor het derde kwartaal van 2022 bekendgemaakt, met een kwartaalomzet van AED 8,55 miljard en een nettowinst van AED 3,17 miljard. Year-to-date is DEWA’s omzet AED 20,63 miljard en de nettowinst AED 6,47 miljard.

Vraaggestuurde robuuste financiële prestaties

DEWA’s eerste negen maanden omzetstijging van 15% tot AED 20,63 miljard was voornamelijk te danken aan een toename van de vraag en een overgang naar een genormaliseerde tariefstructuur. De vraag naar energie in Dubai steeg in de eerste 9 maanden van 2022 met 5% in vergelijking met dezelfde periode in 2021. Evenzo groeide de vraag naar water in dezelfde periode met 6,4%.

Dubai Electricity and Water Authority PJSC 9M-2022 profit rises 21% to AED 6.47 billion

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), has reported its third quarter 2022 financial results, recording quarterly revenue of AED 8.55 bn and net profit of AED 3.17 bn. Year to date, DEWA’s revenue is AED 20.63 bn and net profit is AED 6.47 bn.

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Dubai Electricity and Water Authority PJSC 9M-2022 profit rises 21% to AED 6.47 billion (Graphic: AETOSWire)

Demand driven robust financial performance

DEWA’s first 9 month revenue increase of 15% to AED 20.63 bn was mainly driven by an increase in demand and a transition to normalized tariff structure. Energy demand in Dubai during the first 9 months of 2022 increased by 5% compared to the same period in 2021. Similarly, water demand in the same period grew by 6.4%.

“In line with the vision of the wise leadership to strengthen Dubai’s position as a leading global financial and economic hub we achieved a profit for the first 9 months of 2022 which is nearly at par with our full year net profit of 2021. These record results are a testament to our steadfast focus on delivering our strategic priorities of sustainable and innovative growth. We are well positioned to deliver the best full year financial performance in our history. Moreover, we have made sustained progress towards unlocking shareholder value by paying our first dividend of AED 3.1bn in Oct, 2022, by announcing the intention to float our 70% owned subsidiary EMPOWER and by recommending the payment of a one-time special dividend of AED 2.03bn to be paid to our shareholders in December. For the financial year 2022, we expect to return AED 8.23bn in dividends to our shareholders,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.

Demand for energy in the first 9 months of 2022 reached 40.7 TWh compared to 38.6 TWh in the first 9 months of 2021. Further, DEWA’s peak demand in the first 9 months of 2022 was 9.5 GW, which represents a 3.3% increase over the same period of last year.

*Source: AETOSWire

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Contacts

Dubai Electricity and Water Authority
Khuloud Al Ali, +971563974965

Media@dewa.gov.ae