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DEWA posts 6% profit growth
- United Arab Emirates: Monday, February 11 - 2013 at 05:07
Dubai Electricity and Water Authority (Dewa) has said its annual profit for 2012 increased by 6%, after sales revenues and cash generated from core operations rose, Reuters has reported. The state-run utility made a net profit of Dhs4.65bn ($1.27bn) last year, up from Dhs4.37bn in the prior-year period. Cash generated from operations rose to Dhs7.5bn, compared with Dhs7.4bn in 2011, and sales revenue increased 7% over the previous year, said Dewa.
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