The quarterly profits of Dubai Electricity and Water Authority DEWA, listed on the Dubai Financial Market, increased by 40% to reach 2.4 billion dirhams, compared to the comparable period in 2021.

According to Arab Net, the results were better than analysts' expectations at two billion dirhams.

The company attributed the increase in profits to the increase in revenues by 15% to exceed 7 billion dirhams.

On the other hand, the company confirmed the policy of distributing annual profits of 6.2 billion dirhams in two installments, and 3.2 billion dirhams will be distributed for the first half of the year in October.