DUBAI, UNITED ARAB EMIRATES--(Business Wire / Korea Newswire)--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 first half 2024 consolidated financial results, recording revenue of AED 13.7 billion, EBITDA of AED 6.6 billion, operating profit of AED 3.3 billion and profit after tax of AED 2.6 billion.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA (Photo: AETOSWire) Dubai Electricity and Water Authority Head Office (Photo: AETOSWire) DEWA’s first half consolidated revenue increased by 7.3% to a record AED 13.7 billion in 2024, compared to first half of 2023 and this was mainly driven by an increase in demand for electricity, water and cooling services. Consolidated first half net profit was down 6.7% to AED 2.6 billion mainly due to higher depreciation and the first-time application of corporate tax in 2024. DEWA’s second quarterly consolidated revenue increased by 7.8% to AED 7.9 billion in 2024. EBITDA for the second quarter was up by 8.8% to AED 4.0 billion, and Profit before Tax was up by 5.9% to AED 2.1 billion.

Gross power generation in the first half of 2024 was 25.5 TWh marking an increase of 6.7% over 23.9 TWh generated in the same period in 2023. Out of the above, green energy was 3.3 TWh, representing 12.9% of total generation in 2024. As of 30th June 2024 there were 1,236,845 Electricity and Water customer accounts representing an increase of 52,134 (4.4%) over the number of customer accounts as on 30th June 2023. DEWA’s total desalinated water production in the first half of 2024 reached 71.3 billion Imperial Gallons, which is 4.3% increase compared to the same period of 2023.

By the end of the first half of 2024, the company’s installed generation capacity reached 16.779 GW including 2.86 GW representing renewable energy capacity. The company’s installed desalinated water production capacity was unchanged at 495 MIGD.

DEWA’s audited financials can be found at DEWA’s website: https://www.dewa.gov.ae/en/investor-relations

*Source: AETOSWire

View source version on businesswire.com: https://www.businesswire.com/news/home/20240808038686/en/

Website: https://www.dewa.gov.ae/en Contact Dubai Electricity and Water Authority
Shaikha Almheiri
00971552288228
[email protected]
This news is a press release provided by Dubai Electricity and Water Authority PJSC. Korea Newswire follows these editorial guidelines. Dubai Electricity and Water Authority PJSC News ReleasesSubscribeRSS 두바이 수전력청, 2024년 상반기 기록적인 실적 발표 두바이 금융시장(Dubai Financial Market, DFM)에 상장된 두바이의 독점 전기 및 수도 서비스 제공업체인 두바이 수전력청(Dubai Electricity and Water Authority PJSC, ISIN: AED001801011)(심볼: DEWA)이 2024년 상반기 연결 재무 실적을 발표하면서 수익 AED 137억디르함, EBITDA AED 66억디르함, 영업이... 8월 9일 15:45 DEWA Leads in the UAE in Sustainability Perceptions and Brand Value Growth Brand Finance, the leading international brand valuation consultancy, has revealed that Dubai Electricity and Water Authority (DEWA) is recognised to have the strongest commitment to environmental sustainability of any UAE brand. Brand Finance’s report also indicates that in the utility... 6월 5일 16:35 ... More  More News Heavy Industries Electrical Energy Government Central Government Earnings Overseas Dubai Electricity... All News Releases 